mexeell

mexeell

A perfect example of Master Patter playing out. A clear contraction in the first phase, four expansion legs, creating downtrend.

mexeell

In the related idea analyst, I was expecting the price to follow its channel down to the support zone and bounce of it back to resistance. We can see that the channel was broken and we see the trend breakout. Looking at the chart on a bigger scale, we can see a new channel formating from 2 x higher heigh and 2 x lower lows. The price is just about to break the...

mexeell

Visible, strong trend channel just about to hit the resistant zone of which expected to bounce towards the support zone, expected to sell long term. M formation.

mexeell

The price has created the trend channel heading towards the support zone where is expected to bounce back towards resistance.