Looking at things from a purely technical point of view.
-Broken out of the falling wedge
-Key area to form the 2nd shoulder
-Hamonic Gartley Pattern (big)
-Extended W Pattern (small)
Check comments for insight on the Harmonic Patterns.
Price can easily break through the -0.618 level to create a much bigger W pattern, then start a reversal, but as of right now, price is at a key area that may trigger a reversal within the next few candles. Fib is drawn from a previous analysis I did a few weeks back, and I decided to leave it up.
Let me hear your thoughts!
-Broken out of the falling wedge
-Key area to form the 2nd shoulder
-Hamonic Gartley Pattern (big)
-Extended W Pattern (small)
Check comments for insight on the Harmonic Patterns.
Price can easily break through the -0.618 level to create a much bigger W pattern, then start a reversal, but as of right now, price is at a key area that may trigger a reversal within the next few candles. Fib is drawn from a previous analysis I did a few weeks back, and I decided to leave it up.
Let me hear your thoughts!
Comment:
Gartley
Extended W
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
