A macro bottom or a micro bottom, it is to be seen. Currently price action is printing a diamond reversal pattern after forming a C fork. Break the C fork and the measured move of the diamond is 28.9k.
The bear market since march 2021 has been a series of ABC waves. The latest ABC wave terminated at 15.4k inside the diamond reversal pattern.
The cvd has broken out green indicating some uptrend in the next days.
The bear market since march 2021 has been a series of ABC waves. The latest ABC wave terminated at 15.4k inside the diamond reversal pattern.
The cvd has broken out green indicating some uptrend in the next days.
Comment:
broke out yesterday from the C Fork.
Comment:
1.618 of the diamond hit perfectly on the 16th of February.
Comment:
Target reached and will be surpassed.
