This pattern is a running flat Elliott correction wave. We don't use any indicators in our trading group. We use a combination of economics, Elliott wave, inter market, finance and fractals to comprehend market trends. We like to see markets patterns as impulse and corrections over and over again. Technical analysis need not be complicated but functional. Just because you have lots of drawings and indicators doesn't make you a good trader. This could lead to analysis paralysis. The idea is to find order in chaos. Keep it super simple!
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