This pattern has two impulses and one correction if this is the pattern we'd expect a further pullback since we looking at a buy setup. If not the 130500 shall open the 130 and 129.890 therefore more downside would be followed to it's bottom again . This is only for eductional purpose
ABC if C goes above a and stays above its a W double bottom if the retraced 38. Zone of fib it shall reverse and head back down if that happens we know the head and shoulder pattern is in okay and from there we'd have to follow it smartly and wisely
ABC if C goes above a and stays above its a W double bottom if the retraced 38. Zone of fib it shall reverse and head back down if that happens we know the head and shoulder pattern is in okay and from there we'd have to follow it smartly and wisely
