Carol Channing was singing this already in 1957. Usually this pattern means reversal and that's what I'll be tracking in the beginning of 2020 - until the end of this year there may be just fakeouts with all the holidays in place.
After a clearly defined direction there's an opportunity for basket of pips. As charted, I'll offload some parts of position at marked...
Hope this is not just an observation, but can be exploited for some profits. It's plotting similar pattern as through the whole February - box between 0.786 and 0.236 Fibonacci levels of previous wave. If it won't be violated too much, red area is place for shorts and green for profit taking. Let's patiently wait and act accordingly :)
Disclaimer: this idea is...
