Long
AUTO/USD
Although i hate how much of an under performer this asset has been and that it has only ever made lower highs and lower lows
Here you can see momentum is shifting after a textbook Bullish Butterly Harmonic PCZ at the 1.272 fib extension an Inverse Head and Shoulders pattern has matured.
Not something that i would personally long just because of the sheer underperformance of this asset overall but you cant say momentum isnt shifting here and the bottom could be in!
3 targets if you wanted to go long
1st = swing low from 21st july 2021 at $629 (29%)
2nd = swing high from 29th december 2021 at $799 (65%)
3rd = first level of historic resistance at $954 (95%)
Here you can see momentum is shifting after a textbook Bullish Butterly Harmonic PCZ at the 1.272 fib extension an Inverse Head and Shoulders pattern has matured.
Not something that i would personally long just because of the sheer underperformance of this asset overall but you cant say momentum isnt shifting here and the bottom could be in!
3 targets if you wanted to go long
1st = swing low from 21st july 2021 at $629 (29%)
2nd = swing high from 29th december 2021 at $799 (65%)
3rd = first level of historic resistance at $954 (95%)
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