Wondering if this patter would be considered valid considering the C point is not at least 127% extention? Curious, not in trade, just an assumption.
waiting for price to break circled area. any comments of suggestions??
if passes lower green, will not take position. (i.e. using demo account on my analysis, real account taking signals)
Looking to short this pair, what do you think of this idea? Hope it plays out
my thoughts are that trend line will be respected, price will bounce off first yellow line, and continue to rise. however, if price continues to drop down and pass first blue line, sell opportunity for profit at second blue line thoughts
not going to say im making a prediction, however, i am curious to know how you guys feel about this one