Will it take out stops on the way upwards first ? (Most likely in US Session )
Akil_Stokes
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@vincedeveloper, we never know what the market will do, all w can do is make consistent educated guesses
vincedeveloper
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@Akil_Stokes, totally agree but we need to also ask ourselves what would the big traders be doing at this point ? They often push prices up first - to hammer them back down in their intended direction.
PHL
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how about threating it as a 2618? hope you see what I mean. Cheers,Pat
Akil_Stokes
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@PHL, Are you looking at a bullish or bearish 2618 Pat?
PHL
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@Akil_Stokes, bearish, at the very same 61.8 you have drawn from the 2nd top. another one to the left.