Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Today's Note:
Quick update due to the significant move to the upside. As we discussed in my last stream. It was finding support at the pivot line from the 2nd top. 2 patterns currently emerging in the short term a bear flag and a head & shoulder. Depends whether it gets rejected by the resistance of the Echo(DBW) pattern it might break out to the down side. Otherwise if it does break through it will most probably test the resistance of the ascending channel/bear flag.
To be concluded...
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
- Dashed lines; Possible forming patterns
- Solid lines; Confirmed patterns / Support or Resistance
- Dotted lines; Possible price-action trajectories / wave trend
- Lighten colors = Support | Darken colors = Resistance
Current Pattern Formation Level:
- Alpha pattern: Symmetrical Triangle -> Bullish Pennant
- Beta pattern: Descending Broadening Wedge
- Possible Echo pattern: Descending Broadening Wedge
- Possible Gamma Pattern: Ascending Channel / Head & Shoulder
Today's Note:
Quick update due to the significant move to the upside. As we discussed in my last stream. It was finding support at the pivot line from the 2nd top. 2 patterns currently emerging in the short term a bear flag and a head & shoulder. Depends whether it gets rejected by the resistance of the Echo(DBW) pattern it might break out to the down side. Otherwise if it does break through it will most probably test the resistance of the ascending channel/bear flag.
To be concluded...