From my point of view , i believe price is still strong uptrend which if move to higher time frame (t.week) can assume price just finish it pullback cycle and now are in impulsive state . Can refer below image to see my idea .
But then ,
i believe price might drop as well . If price keep holding it patten A=C and B=D then can assume C=E*target area* . However , price fail to reverse at the end D leg which i come to conclusion to stay away for a short time . On the area of concern , i will wait for the price to performe any bearish candle stick pattern , retest level * double top triple top* or rectangle patttern . If this setup are not appear then i dont go for short.
my two cents
sickeg6
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@COSMAS_MOSES, little spike up and hit targets perty good
But then ,
i believe price might drop as well . If price keep holding it patten A=C and B=D then can assume C=E*target area* . However , price fail to reverse at the end D leg which i come to conclusion to stay away for a short time . On the area of concern , i will wait for the price to performe any bearish candle stick pattern , retest level * double top triple top* or rectangle patttern . If this setup are not appear then i dont go for short.
my two cents