Hi guys,
so we move as expected. little bounce on the support, i tried to make a count if the price remain in this triangle. the wave form lead me to think that this is a bearish triangle instead of a bullish one.
When counting a ABCDE triangle you need to start the count at the right place. You never count the first leg as A but you spot the first ABC 3 waves bounce and start here . Please observe the first part of this image :
ibb.co/GRPbkWX
with this :
The RSI follows the pattern.
All of these information lead me to think that this is a bearish formation
so we move as expected. little bounce on the support, i tried to make a count if the price remain in this triangle. the wave form lead me to think that this is a bearish triangle instead of a bullish one.
When counting a ABCDE triangle you need to start the count at the right place. You never count the first leg as A but you spot the first ABC 3 waves bounce and start here . Please observe the first part of this image :
ibb.co/GRPbkWX
with this :
The RSI follows the pattern.
All of these information lead me to think that this is a bearish formation
Dagangan aktif
the ABC scenario remain, i was updating the triangle hypothesis from last post :Nota
watch resistance and support
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.