This is looking to be a nice set up for a 61.8 AB=CD pattern.
The weekly is in a downward trend. The daily price has numerous rejection wicks around this level of structure.
I expect a bearish AB=CD pattern to complete.
Again, I will be looking for a trendline breakout and divergence before entering.
The weekly is in a downward trend. The daily price has numerous rejection wicks around this level of structure.
I expect a bearish AB=CD pattern to complete.
Again, I will be looking for a trendline breakout and divergence before entering.
Commentaire:
Looks like a tweezers top formation respecting the trend line