This now lines up with an ABC bullish pattern IF C holds.
If one were to go long, many would place a stop under C.
Steep climb up but I am just noting price hit C and the target would be D.
C is just above the .382 of the trend up.
No recommendation/If price goes too far below C, this pattern failed which does happen.
If one were to go long, many would place a stop under C.
Steep climb up but I am just noting price hit C and the target would be D.
C is just above the .382 of the trend up.
No recommendation/If price goes too far below C, this pattern failed which does happen.
Commento:
Price has fallen below C as the market continues to rally
Commento:
Folks are not sure of their next move (spinning tops and Dojis) which can spell trouble for the current trend.
In this case the current trend was Down.