on the 2 hour time chart we see a inverted head and shoulder patern forming, the down was 11%, so according to the head and shoulder patern, after the right shoulder, we go 11% back up again. This looks like to be enought to brake the level 1,0 fib. If he breaks, the next goal is 2100. I think that is realistic. In my opinion this is a good entry, but you also can wait until he brakes, what should be in the next 1/2 days.
Good observation, it's complementary to the hypothesis of the flat top triangle. If prices rebound around 1383/1372 EUR (Fib 0,618 from 1240 to ATH) up to the ATH, then your hypothesis was correct. Otherwise, we might expect prices to drop up to 1334 EUR
timlange2210
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@lbrina, hello sir, yeah your right. Had to wait if the patern realy formed, but acording to some indicators, i thought that he might go sideways with a little drop. if that was correct, the patern was formed.
thank you for your comment! I'm just a beginner, so every tip is welcome!
lbrina
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@timlange2210, Thank you, I'm also a beginner, mostly because the most difficult thing is to overcome anxiety after forecasting!