Can't say I've ever seen a pattern quite like this.
The only thing for sure is it looks very corrective and
overlapping - not impulsive.
So, thinking the downside trend will resume at some point.
Maybe at a Butterfly and another 1.272 extension and measured moves
plus, it's showing 7 swings for a possible double 3 in EW ?
All within parallel channel lines . . . (will it hit the top again?)
Well, I'm thinking this needs tight stops that only the candletitcks
can provide, though, might have to reenter for it could be a BIG trade.
The daily chart points to 1000 or more pips ?
Uh Oh ~~~~~ my mouth is watering and that is never a good sign.
The only thing for sure is it looks very corrective and
overlapping - not impulsive.
So, thinking the downside trend will resume at some point.
Maybe at a Butterfly and another 1.272 extension and measured moves
plus, it's showing 7 swings for a possible double 3 in EW ?
All within parallel channel lines . . . (will it hit the top again?)
Well, I'm thinking this needs tight stops that only the candletitcks
can provide, though, might have to reenter for it could be a BIG trade.
The daily chart points to 1000 or more pips ?
Uh Oh ~~~~~ my mouth is watering and that is never a good sign.
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.