Double CY Pattern
I've been following these two patterns for several days. Initially, I anticipated a new upward impulse to reach a daily closing price of 65,300, but that hasn't materialized. Nevertheless, I believe the CY pattern remains valid. I'm currently monitoring the price to see if it will test the resistance level above. A positive reaction could lead to a significant five-wave impulse, potentially breaking the all-time high. If not, I'll focus on identifying the next support levels for a potential downside move. When trading these patterns, it's advisable to wait for swing patterns and set stop-losses below to manage risk effectively.
Consider setting alerts for 54,000 and 55,000. There are still two untapped daily closing prices that could serve as potential support levels as well.
Consider setting alerts for 54,000 and 55,000. There are still two untapped daily closing prices that could serve as potential support levels as well.
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