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M formation downtrend
A and M formation, starting this week with a downtrend re-tracement.
Multiple M formations as shown in graph as well as an A formation, will drop to range between 1.4610 to 1.45950. Bearish all night long
M and A formation downtrend
New downtrend formation starting the cycle with A formation followed by a M. I also believe a wedge was formed (descending triangle) further increasing my prognostication of a downtrend.
Down Trend begins with A formation followed by a M expected to see a drop until 1.38300 range.
Signals of up trending for a short, W and V formations visible before new cycle.
I did not use any specific strategy simply using what i learned today and trying to create a support and resistance line graph as well learning how to use trading view's functions on developing a nice model.