Obvious double bottom here ..
Been consolidating right below .236 rounding off here.
However many days it takes to round the left bottom is usually how many days it'll take for the right bottom.. in this case it took 9 days for the left bottom; we arr currently on day 7 for the right bThursday?
We may break out this week .. looking at the the Catalyst ahead I'm thinking maybe the ECB rate decision thursday?
.
Let's see what happens... Patterns usually work well with a nice Catalyst.. as long as 11,800 holds We are still consolidating
. Long over 12,400
Fib levels
High - 12,949.75
Low - 10,485
Been consolidating right below .236 rounding off here.
However many days it takes to round the left bottom is usually how many days it'll take for the right bottom.. in this case it took 9 days for the left bottom; we arr currently on day 7 for the right bThursday?
We may break out this week .. looking at the the Catalyst ahead I'm thinking maybe the ECB rate decision thursday?
.
Let's see what happens... Patterns usually work well with a nice Catalyst.. as long as 11,800 holds We are still consolidating
. Long over 12,400
Fib levels
High - 12,949.75
Low - 10,485
After that I expect a retest of 12,500 before any leg higher