Price has formed AB=CD pattern.
Has made initial push downwards after reaching support level.
Divergent on RSI.
I would be curious if it sets up a 3 drive pattern.
Two take profits identified of support and trendline, each gives 1:6 and 1:10 risk reward if place correctly.
Has made initial push downwards after reaching support level.
Divergent on RSI.
I would be curious if it sets up a 3 drive pattern.
Two take profits identified of support and trendline, each gives 1:6 and 1:10 risk reward if place correctly.
The bounce was made from structure.
I expect the price to continue falling towards the ascending (blue) trend line and coincide with the falling (yellow) trendline.