AB=CD is a bearish pattern
After the impulsive down move from last week i do expect a bearish reserval in case we will reach point D from here, in case it happens i expect at least a 50% retrace from AD.
In case the price will stabalise just below point D and rest there for a while i would not short D anymore because often it just breaks. In case it will break i do expect a re-test for either enter a long or remove the short.
After the impulsive down move from last week i do expect a bearish reserval in case we will reach point D from here, in case it happens i expect at least a 50% retrace from AD.
In case the price will stabalise just below point D and rest there for a while i would not short D anymore because often it just breaks. In case it will break i do expect a re-test for either enter a long or remove the short.
Comentário:
Just like the chart whas telling us, the green scenario is the most likely.
17500 is on the radar!
17500 is on the radar!
Comentário:
well well well... orange is the new green i guess
imho the bigger picture weakens if this thing falls below 13000
imho the bigger picture weakens if this thing falls below 13000
Bulls want to do business at higher levels from here.