Price was ay Point C (61.8). I was aiming for a AB=CD pattern.
Price has now entered a consolidation zone inside the Triangle.
Price can go either way when dealing with Triangles.
There is a small ascending wedge forming inside the channel. I've marked it to watch but I don't plan to enter until after a triangle breakout.
There is divergence on the daily chart and smaller time frames.
Price has now entered a consolidation zone inside the Triangle.
Price can go either way when dealing with Triangles.
There is a small ascending wedge forming inside the channel. I've marked it to watch but I don't plan to enter until after a triangle breakout.
There is divergence on the daily chart and smaller time frames.
Order cancelled:
This prediction failed.
The price was stuck in a triangle. Eventually, price broke through the triangle.
There was a major rejection pin as sellers tried to push the price down (*load new bars*).
Whilst the 61.8 level is a key level it can still be broken. Price on 21st is not in line with some strong structure if you look left on the daily chart.
The price was stuck in a triangle. Eventually, price broke through the triangle.
There was a major rejection pin as sellers tried to push the price down (*load new bars*).
Whilst the 61.8 level is a key level it can still be broken. Price on 21st is not in line with some strong structure if you look left on the daily chart.