On the 1H chart we have a pretty nice formation, whatever you want to call it, they both mean the same thing.
It signifies that the trend is coming to an end.
Most importantly is the third impulse - third top or the second shoulder - and that it is the lowest of the three.
To me, that shows that bulls are slowing down and bears are entering the market.
It signifies that the trend is coming to an end.
Most importantly is the third impulse - third top or the second shoulder - and that it is the lowest of the three.
To me, that shows that bulls are slowing down and bears are entering the market.
Comment:
First 2 targets hit, halfway down to the third one
Comment:
Ayee cha-ching