For starter, i feel like i've been wrong with my read of this entire down move -my reversal points were off
So this isn't much of analysis, more a warning, we might be setting up for a squeeze, be ready in case it happens
So this isn't much of analysis, more a warning, we might be setting up for a squeeze, be ready in case it happens
Comment:
haven't seen that squeeze yet, not sure it's gonna happen, right now it looks more like a corrective pattern than the type of bullish advance we've seen recently.
that can mean two things :
1) as stated above this is still part of a corrective move
2) market psychology is switching, previous sequence were 1; i or (i)'s, and as we are starting larger wave price might finally get rid of those &% "bart patterns"
not based on much, just pointing out similitude here, we moved up in a diagonal, the black line which should hold.
that can mean two things :
1) as stated above this is still part of a corrective move
2) market psychology is switching, previous sequence were 1; i or (i)'s, and as we are starting larger wave price might finally get rid of those &% "bart patterns"
not based on much, just pointing out similitude here, we moved up in a diagonal, the black line which should hold.
Trade closed: target reached:
If you want to follow up :
if the red (and black line) above break, target above in black
if this attempt fails again and the blue line break, target under in black also.
This has been a reversal pattern, successful on the far left, successful on top, but failed on the left right next to where we are (and that's the spot i totally misread during the move down).