The next move is expected to be downward if the white line (confirmation line) is broken.
it is because:
1. the lower green line is getting tested by the chart after being broken
2. a perfect evening star candlestick formation pattern is formed at the circle zone.
3. 50% fib retracement of the wave AB corresponded to this zone.
note: be patient. the short position here is more risky than usual because we are in an uptrend. to enter the position, breaking the white line (confirmation line) is necessary.
Goodluck...
it is because:
1. the lower green line is getting tested by the chart after being broken
2. a perfect evening star candlestick formation pattern is formed at the circle zone.
3. 50% fib retracement of the wave AB corresponded to this zone.
note: be patient. the short position here is more risky than usual because we are in an uptrend. to enter the position, breaking the white line (confirmation line) is necessary.
Goodluck...
Trade closed: target reached