1- Adam&Eve Double Bottoms Pattern need to confirmation at 7400, it should go higher after it reaches there.
2- We are currently inside of Bearish Rectangle, it may drop to 5555 and more deeper.
Long or Short at breakout , Setup on chart.
Please do not hesitate to ask question.
Target: 5.3k- 4.9k
Our C beginning with 6600, C may not push above 6600
It can push 6750 to complete potential 5th wave, and it will be our top of this pattern.
All instructions on chart.
Any question or comment appreciated.
6760+ is invalidating our pattern.
P.S.:This chart update for T31 and T25
Short Term Target: 7k
Mid Term Target: 6.3k
Long Term Target: 8k+
Symmetrical Triangle Correction Pattern Notes:
The horizontal triangle is a pattern that consists of five sub-waves that form a 3-3-3-3-3 structure labeled as A-B-C-D-E. Unlike the motive wave, which also has five waves, this pattern reflects a balance of forces and travels in a sideways pattern....
We may have our 3rd touch, but there is a risk that we haven't yet.
Chart Pattern Notes:
The Descending Broadening Wedge is essentially the opposite of the Ascending Broadening Wedge. The same pattern, but flipped or mirrored. Contrary to the Falling Wedge, where the price action contracts as the pattern matures, the Descending Broadening Wedge widens as the two...