Support at the bottom of the pattern, matches with upwards trendline and previous structure.
Price action may retrace down to 618 fib level before moving back up to either its previous resistance or the 1.272 fib ext level (which is also match by previous resistance). What are your thoughts?
based on what I can see, my plan, and the strategy I will use, I am expecting price action to move up to the 113.500 resistance line before heading back down to the 382 fib line. Plenty of confuence, including measured move, fib, fib extensions, MA's, and Stock/RSI. Trend was showing up on Friday but I will be looking to short as price moves/bounces off of the...
I am getting better at spotting patterns. However, I do not yet have enough experience to know if I am even picking out the correct patterns. Not to mention, which way the market could go given the "identified" pattern. Any insight, suggestions, critiquing would be greatly appreciated.
Flag or just nothing happening right now?
Watching to see if price breaks up out of the channel and heads north or if it will continue down. Still learning so this is fun to watch unfold. Feel free to share your thoughts. I like learning.