Price has be consolidating/resetting @ LEVEL 3 RISE , ONCE PRICE REACHES MY T LINE AND DOESNT BREAK. It will reset at the areas marked for a short position, forming either a double top or pulling a reversal move once peak formation is clearly reached.
AFTER PEAK FORMATION WAS REACHED ON WEDNESDAY (mid-week-reversal), FORMING THE SECOND LEG OF THE W PATTERN, THE MARKET MAKERS CLEARLY HAD OTHER INTENTIONS AND EXTENDED THEIR STOP TO ANOTHER LEVEL LOWER , CLEARING OUT PEOPLES STOPS AND FORMING A CLEAR TYPE 2 PATTERN. A 3 LEVEL OF RISE IS EXPECTED, ONCE CLEARLY VISiBLE , TAKE PROFITS. We will be looking to complete...
LOOK TO ENTER SHORT ONCE THE TREND LINE IS BROKEN,WE HAVE SEEN A CLEAR TYP1 PATTERN VISIBLE AFTER A WEEKS OF CONSOLIDATION AT THE LEVEL 3 PEAK FORMATION JUST TO STOP OUT SHORT POSITIONS AND ENDUCING LONG POSITIONS, USE PROPER RISK MANAGEMENT.
