Daily Study. Pattern Completion and Risk for a bounce
Price has completed a full harmonic ab=cd at 0,87 level
which also perfectly coincide with minor 61,8 D point of
a large AB=CD going back to july 2013. Will price bounce
from this level, which one could expect, for another leg down
to complete the large ABCD or will it pass through directly.
The extended 1,618 D point of abcd pattern is also in
confluence with the completion of large ABCD and Monthly
S3.
which also perfectly coincide with minor 61,8 D point of
a large AB=CD going back to july 2013. Will price bounce
from this level, which one could expect, for another leg down
to complete the large ABCD or will it pass through directly.
The extended 1,618 D point of abcd pattern is also in
confluence with the completion of large ABCD and Monthly
S3.