Let's imagine that we can place a mirror in time. And if we imagine that we are dealing with a mirror, then we will see a reflection. Similarly, we draw a dividing line between the two vertices on the daily chart. And if we look at the chart to the left of the line and then to the right - we can find analogies.
Now, with respect to our "mirror", with a slight curvature, the graph exactly repeats its movement. Guided by these observations, we can assume that soon there will be a strong downward movement.
And since we conducted analysis on the daily chart, the SL must be located at a safe distance.
Have a good day and take profits!
Now, with respect to our "mirror", with a slight curvature, the graph exactly repeats its movement. Guided by these observations, we can assume that soon there will be a strong downward movement.
And since we conducted analysis on the daily chart, the SL must be located at a safe distance.
Have a good day and take profits!