There is a 4H DT since 16 Oct 2019. It has repeated an ABCD pattern for 4 cycles. It is possible it will repeat again starting at the possible current LL. The RSI and PA have already broken their trendlines. The repeat of the ABCD pattern also tops out near a 1D dynamic resistance trendline. I plan to watch the 15M chart at market open to see if it starts back upwards.
Here is a teeny tiny shot of the 4H chart to see all the repeats of the ABCD pattern.
And the 1D to see the trendline.
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This one is still not ripe yet. But the TP is pretty clear – the end of the ABCD coincides with both the falling dynamic resistance trendline and the SR at the recent LL. Plus a potential bullish failure swing is shaping up. Once that completes it will trigger my trade.
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I missed the entry and sat this one out - but it worked out as described above.