I posted this scenario before (see linked idea below) but now I think it has fully developed. We got a good rejection at the end of the possible AB=CD pattern with nice 0.50 ret and 2.00 ext. properties!
I am actually short from the top: sell limit at the 2.000 ext, we got too 2.016, quite close to the top I would say...,
However it's still not too late to get in short at market now if your own analysis supports this scenario!
A possible short trade setup is noted on the chart.
Next we could get a good long setup at support below (see previous idea also), if we ever get there of course...
I am actually short from the top: sell limit at the 2.000 ext, we got too 2.016, quite close to the top I would say...,
However it's still not too late to get in short at market now if your own analysis supports this scenario!
A possible short trade setup is noted on the chart.
Next we could get a good long setup at support below (see previous idea also), if we ever get there of course...
