an update on yesterdays analysis: price forms patterns that repeat them selves, and with these patterns that repeat them selves we can establish potential entries, and forecast entire moves. in the video you can see me analyse the larger descending structure, with the ascending structure at the last leg. to add confluence to the larger structure, with in this piece of price action, a descending structure along with an ascending structure can be seen that has previously sold off aggressively to the downside breaking the lows, will this happen again?
price can evolve and form something different, but at this moment in time this is what im looking at!