I prefer to say that most probably we are looking at an Escalating Pattern right now. Yet, the depth of the market at the moment is not proving the ABCDE Triangle Pattern so far:
Buy: $762,007
Sell: $869,129
Bears are more powerful. Looking at 2H SRSI is down there trying to rise! Also have a look at those red dotted lines representing 4 cycles based on 4H RSI (2) "Overbought Areas". Right? Where is the trigger now? Buy/Sell setup presently is not a proof of ABCDE & those 4 RSI (2) Cycles!
Here we are getting ready for a short swing hopefully. If you find it useful & logical please let me know what is your understanding?
Not a financial advice.
Buy: $762,007
Sell: $869,129
Bears are more powerful. Looking at 2H SRSI is down there trying to rise! Also have a look at those red dotted lines representing 4 cycles based on 4H RSI (2) "Overbought Areas". Right? Where is the trigger now? Buy/Sell setup presently is not a proof of ABCDE & those 4 RSI (2) Cycles!
Here we are getting ready for a short swing hopefully. If you find it useful & logical please let me know what is your understanding?
Not a financial advice.