Bearish slump today has printed an Evening Star candle formation on the 2 day chart.
Now with overlapping highs, this can be 3 waves and Phase A complete of an accumulation and from here it can potentially get all the way back to the retracement Golden Window or even make a lower low to form "ST" Secondary Test.
There are other possibilities and this could have more overlapping lows and highs to print an ascending wedge to then fall from to a GW retracement.
But whichever it is, it does not look bullish here and the opportunity for a great discount is on or perhaps even just to stay out of the way of a dangerous waterfall chart.
We'll see how it develops 🤨.
Now with overlapping highs, this can be 3 waves and Phase A complete of an accumulation and from here it can potentially get all the way back to the retracement Golden Window or even make a lower low to form "ST" Secondary Test.
There are other possibilities and this could have more overlapping lows and highs to print an ascending wedge to then fall from to a GW retracement.
But whichever it is, it does not look bullish here and the opportunity for a great discount is on or perhaps even just to stay out of the way of a dangerous waterfall chart.
We'll see how it develops 🤨.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
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Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penafian
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.