FIB / EW / Pattern analysis.
I'm finding EW lines to be very difficult to apply because of the different conditions. I have been applying basic understanding of impulse waves and retracements with the use of FIB lines. I hope to continue to dig deeper into this more and more.
TA
On 2HR BCH looks to finish 3rd Wave strong, if it breaks up on forming flag/pennant. Indicators show that there's still room for a quick bounce up to my target zone and then we should expect retracement to test support below.
I'm finding EW lines to be very difficult to apply because of the different conditions. I have been applying basic understanding of impulse waves and retracements with the use of FIB lines. I hope to continue to dig deeper into this more and more.
TA
On 2HR BCH looks to finish 3rd Wave strong, if it breaks up on forming flag/pennant. Indicators show that there's still room for a quick bounce up to my target zone and then we should expect retracement to test support below.