Typical pattern I keep an eye out 2: Panic bleed.
Disclaimer: Drawing may more than likely be an over exaggeration of the size of the moves. On the other hand, it's always better to be as pessimistic as possible. That way at the very least you'll be pleasantly surprised.
Just like the Micro reversal move I posted previously, clearly more visible on the 1min, the larger scale reversal should happen after the third push down.
If we can prove support and create a higher low.
That will be the bullish confirmation I need to help narrow the pattern possibly playing out and finally start showing more obviously Bullish Intent.
If we fail to hold support. We will continue to retest the center of every Micro Channel down. Not a lot left for retesting.
Just like the Micro reversal move I posted previously, clearly more visible on the 1min, the larger scale reversal should happen after the third push down.
If we can prove support and create a higher low.
That will be the bullish confirmation I need to help narrow the pattern possibly playing out and finally start showing more obviously Bullish Intent.
If we fail to hold support. We will continue to retest the center of every Micro Channel down. Not a lot left for retesting.
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