Hello friends,
A Possible scenario is shown in the chart.
The basic interpretation is that the pattern reveals that each time sellers attempt to push prices lower, they are increasingly less successful.
Although the price may fail to overcome the resistance several times, this does not lead to increased power for sellers.
See attached Idea,
A Possible scenario is shown in the chart.
The basic interpretation is that the pattern reveals that each time sellers attempt to push prices lower, they are increasingly less successful.
Although the price may fail to overcome the resistance several times, this does not lead to increased power for sellers.
See attached Idea,
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Bears are unarmed and confused
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Trade closed: target reached:
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End
