PA indicates a corrective pattern currently developed as a FLAT pattern. We are assuming it to be a contracting flat, however, it might evolve into a lengthier correction leading to a complex correction or a Triangle. All of which depends on if the top gets broken or not.
We do have a long position placed with Low risk High return trade.
Trade based on corrective pattern. If pattern gets invalidated, so will the trade.
This is only an analysis not a trade call. Use your own assessment or other confluences to decide on trades.
This is only another perception of the market.
Peace.
We do have a long position placed with Low risk High return trade.
Trade based on corrective pattern. If pattern gets invalidated, so will the trade.
This is only an analysis not a trade call. Use your own assessment or other confluences to decide on trades.
This is only another perception of the market.
Peace.