LH confirmed at purple zone/ newly found RES -LL broken -pa now reaching a SUP zone (green) -pa has touched w sup 0.6240 & broke thru the lower end of the bearish channel -will pa continue to move bearish or go ahead and form a low? -will pa be in a bull correction from reaching a sup level; if so big or small?
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PA hasnt broken any lows yet nor SUP zone
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lows were broken in SUP zone (green) -looks like a descending triangle formation along the lows of green SUP zone -a pullback will complete move, price alert set -pa has possibly made a low, smaller tf looks like a double bottom -pa has reached a daily SUP area 0.60335, low formation in this area
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KEEP IN MIND **will pa be in a bull correction from reaching a sup level; if so big or small?
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march 17 - what happened was price did make a temporary low but didnt pull all the way back to sup as originally thought -with low being formed, fibs should have been utilized but werent, pa made a double top correction along 38.2 fib level 0.60278 which was in confluence with daily sup level pa hit both targets -the small pull back occurred when pa broke that daily sup level & formed a small double top corrective move [circled] -on smaller 15m tf pa broke the low followed by a retest
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