ABC Play, quick in and out long with a 2:1 Rw/R ratio.
we have a HH followed by consolidation and a kind of a triange pattern with price rejecting support 3 times in a row.
Target being the 1.27 fib extension of the whole movement.
Concerns:
-week HH, potential double top
- ECB Interest rates release later today may cause high volatility (however interest rates are not likely to change this time)
we have a HH followed by consolidation and a kind of a triange pattern with price rejecting support 3 times in a row.
Target being the 1.27 fib extension of the whole movement.
Concerns:
-week HH, potential double top
- ECB Interest rates release later today may cause high volatility (however interest rates are not likely to change this time)