As I predicted in my previous forecasts the price to reached the support line.
First she touched the line of resistance and fell.
However, we saw that the price was near a small support zone and therefore it worked out a small correction and after that it fall.
The price came across two support lines. The third line is also located next to them, which...
Hello guys ,
many of you know the rules of buttery fly pattern but i will mention it below ;
Leg B= 0.786 Retracement Of XA
Leg C= 0.382; 0.886 Retracement of AB
Leg D= 1.272, 1.618 Extension of XA
This is daily time-chart
Now i believe that Leg C will reach the 0.786 or 0.886 because we are in wave 4 in a Downtrend which is a corrective way ,and to be more...
After Fallinging through the bnottom of major support Gu formed a strong bearish channel which has broken and momentum has shifted as well as divergence. I am looking around the 1.47 area for TP.
