There are opinions that we can see a Doubble bottom pattern on this chart...
I prefer to call this as ABC correction instead , short entry at C/4? ( 2 was sharp - then 4 should be flat one ) could be seen above 1947 level or as close to it as possible.
Good Luck !
Comments
marti_marti
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If you are following this idea and you have been patient enough you should be short above 1947 if not at 1947 the latest ... now we can move SL above last high and enjoy riskfree down move to reach projected TARGET
BrianGoldman
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I think we'll get a ABC like that from the 1824 low that will target 2063 area vs. stopping at the 1955 area.