Price action starting to form a Bearish Wolf wave pattern. Along 3 and 4 points of interest a bullish order block is formed. If the price keeps on bouncing on order block without any significant pump until it reaches point 4, which is also a trend line, we should see strong shot up to upper trend line, point 5. Bullish flag pattern indicates that as well. Then a strong correction is quite possible breaking a trendline downwards to point 6, where according to pattern rules suppose to be take profit target. Correction downwards is also believable to me because the price is starting to lose momentum and show weakness, corrections are getting bigger which shows that sellers getting more in control.
Bear in mind that this pattern is in early stages and just as well might go sideways. But until it is not, keep on watching
Bear in mind that this pattern is in early stages and just as well might go sideways. But until it is not, keep on watching
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.