As you can see from the green zone I have marked out previously, we have already hit the zone with a bounce up to create the HH. Since then the market has formed LHs ever since, which suggests it is going to continue Its way downwards.
The pink trendline has been hit 3 times, which tells me it is respecting it very well.
Overall I expect the market to drop down to the 1.77000 level.
The pink trendline has been hit 3 times, which tells me it is respecting it very well.
Overall I expect the market to drop down to the 1.77000 level.
Note
I want to add, I AM NOT expecting this to be done in one movement...This could take a few days/weeks before it reaches that level but I do expect it to hit the level at some point. There could also be some 'false breakouts' past my pink trendline to potentially stop out people's SLs. Which depending on your strategy, could be another good point of entry.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.