price is overall in a large ascending channel currently rejected the second touch of the high, price moved to the downside impulsively
and is currently in an expanding/consolidating strucutre with a running channel at the second bottom of the outer structure,
first possible outcome may be that price may respect the inner ascending channel and move to the upside continue the bullish trend,
there is a possibility that price action may break outside the strucutre to complete the third touch of the expanding pattern and then possibly
then move to the upside??
also seeing if this breakout of the ascending channel happens there is also a possibility of a larger bearish move to the downside and a higher
probability that price may push down to the beginning of the ascending channel where it started in JANURARY 2021
this Is all my own technical analysis based only from pure price action and patterns no indicators, no references to news or fundamentals
THE PROBABLE AND THE POSSIBLE
and is currently in an expanding/consolidating strucutre with a running channel at the second bottom of the outer structure,
first possible outcome may be that price may respect the inner ascending channel and move to the upside continue the bullish trend,
there is a possibility that price action may break outside the strucutre to complete the third touch of the expanding pattern and then possibly
then move to the upside??
also seeing if this breakout of the ascending channel happens there is also a possibility of a larger bearish move to the downside and a higher
probability that price may push down to the beginning of the ascending channel where it started in JANURARY 2021
this Is all my own technical analysis based only from pure price action and patterns no indicators, no references to news or fundamentals
THE PROBABLE AND THE POSSIBLE