Purely by accident I noticed the similarities when looking at the possibility of going to $8500.
It seems our last week in hourly candles has played out nearly identical to the Nov 2018 - Present Day timeline in daily candles.
The descending triangle on our daily broke down to roughly 50% of its target.
If the hourly descending triangle does the same that will put us near the $8500 level which also lines up nicely with the 61.8 fib of the move.
It seems our last week in hourly candles has played out nearly identical to the Nov 2018 - Present Day timeline in daily candles.
The descending triangle on our daily broke down to roughly 50% of its target.
If the hourly descending triangle does the same that will put us near the $8500 level which also lines up nicely with the 61.8 fib of the move.
Trade closed: target reached