Pattern identification.
1. ASCENDING CHANNEL STRUCTURE- IT HAS ONLY BEEN TESTED TWICE AND I HAVE IDENTIFIED WHERE IT BOUNCED WITH ARROWS ON BOTH OUR SUPPORT AND RESISTANCE.
2.DOUBLE BOTTOM- CREATED A NICE DOUBLE TOP PATTERN AROUND 1.46838
3.BULL FLAG- CREATED A BULL AFTER THE SECOND BOUNCE ON OUR SUPPORT , BROKE THE FLAG.
THEREFORE AS YOU CAN SEE ON OUR WEEKLY STRUCTURE IT HAS TO COME BACK AND TEST THE BREAK OF THE FLAG AND ALSO GO FOR THE THIRD TOUCH WHICH MAKES US MORE CONFIDENT TO WAIT FOR BUYS ON OUR TRENDLINE BOUNCE
1. ASCENDING CHANNEL STRUCTURE- IT HAS ONLY BEEN TESTED TWICE AND I HAVE IDENTIFIED WHERE IT BOUNCED WITH ARROWS ON BOTH OUR SUPPORT AND RESISTANCE.
2.DOUBLE BOTTOM- CREATED A NICE DOUBLE TOP PATTERN AROUND 1.46838
3.BULL FLAG- CREATED A BULL AFTER THE SECOND BOUNCE ON OUR SUPPORT , BROKE THE FLAG.
THEREFORE AS YOU CAN SEE ON OUR WEEKLY STRUCTURE IT HAS TO COME BACK AND TEST THE BREAK OF THE FLAG AND ALSO GO FOR THE THIRD TOUCH WHICH MAKES US MORE CONFIDENT TO WAIT FOR BUYS ON OUR TRENDLINE BOUNCE