Price is caught within the Upper Band of the downsloping major PF however the current blue mini PF defines the current market action.
If it stays within the blue channel(lower band for now..) it will retrace to the l-mlh and move out of the Upper Band of the downsloping PF to the Upper Band 1. The mml is always the target but WL of the major PF will be the ultimate.
Watch out for the purple sliiding parallel.
Comentários
motleifaul
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I hadn't inludet pitchforks in my own study. Perhaps it will help now to predict the downward target more precisely now.