Some time prices tend to stay in an intend to correct more before resuming the New Trend direction ( deep slow move indicate consolidation phase )
My Long term view is still intact as 83 , this consolidation pattern formation indicates the price will high likely make one more move down
if you are in long position , Take an exit at or near 74.10 + , and wait for slow correction to complete at or near 72.10 +- range
Once this correction completes we can expect the price to make New high very soon ,
Good luck
My Long term view is still intact as 83 , this consolidation pattern formation indicates the price will high likely make one more move down
if you are in long position , Take an exit at or near 74.10 + , and wait for slow correction to complete at or near 72.10 +- range
Once this correction completes we can expect the price to make New high very soon ,
Good luck
Commentaire:
Yes it made the price move , if you are long its best time to put the stop on trailing so that you can get out in case price reverse