shprice

LONG with a beautiful 1:1 pattern on both extension and pullback

Long
BINANCE:BNBGBP   Binance Coin / GBP
We can see a 1:1 pattern on the extensions (Labelled 'A'). Identical in length and gives a good tend. The pullbacks are equally 1:1 (Labelled 'B') and interestingly have stopped at a level of support. By looking at the 4hr we can see that should the trend continue, the only structural support above is the all time highs of BNBGBP. This will be a strong stopping force for the Bears however, breaking this could once again lead to new highs. Overall my analysis for Bulls remains strong.