ABCD pattern in process,
according to Hagopian Rule ; <<When prices reverse before reaching the Median Line, leaving a “space,” they will move more in the opposite direction than when prices were rising toward the Median Line >>,
in this case, price fell without reaching Median Line around 1835, leaving a 3 dollars gap,
moreover local trend line and Hagopian lines are broken too,
I think about selling around C point ; IF LOCAL COUNTERLINE (BC LEG) BREAKS.
according to Hagopian Rule ; <<When prices reverse before reaching the Median Line, leaving a “space,” they will move more in the opposite direction than when prices were rising toward the Median Line >>,
in this case, price fell without reaching Median Line around 1835, leaving a 3 dollars gap,
moreover local trend line and Hagopian lines are broken too,
I think about selling around C point ; IF LOCAL COUNTERLINE (BC LEG) BREAKS.
Ordre annulé:
owing to CPI, setup did not build up