-Strong weekly/monthly resistacne level
-Forming a double bottom
- There is also a nice ABCD pattern forming (green arrow representing CD)
- falling wedge with the critcial distace 55-65% intersecting with double bottom.
- the 0.3821 level is made up of the kneckline resistance/channnel resistance and weekly support from march last year.
-This could be a very tough zone to push through and if it doesnt im still winning. im aiming for a full 0.618 retracement.
- Note this may be where many would prefer to enter once there is a breakout confirmation above this 0.318 level.
- Healthy Risk reward ratio. highly profitable either way
please give feedback and critique, if it's due.
-Forming a double bottom
- There is also a nice ABCD pattern forming (green arrow representing CD)
- falling wedge with the critcial distace 55-65% intersecting with double bottom.
- the 0.3821 level is made up of the kneckline resistance/channnel resistance and weekly support from march last year.
-This could be a very tough zone to push through and if it doesnt im still winning. im aiming for a full 0.618 retracement.
- Note this may be where many would prefer to enter once there is a breakout confirmation above this 0.318 level.
- Healthy Risk reward ratio. highly profitable either way
please give feedback and critique, if it's due.
