BWP is very evenly distributed throughout its development area since 2016.
Symmetry within the rotational area is beautiful.
If it hasn't already begun, the reciprocal initiation move should be a Rally and a symmetry measurement puts the current target at 24.30.
That could shift around a bit as more data comes in to reveal the true initiation point, but it's going to be in that 23-25 area.
Right now, it's sitting right on the balance area mode. The easiest place to get filled at, but one of the more difficult places psychologically for a Value trader seeking to do business at advantageous prices (the mode being an exactly fair price).
Actually, this rotational area is so well balanced I'd venture to call it a proper mean.
I'm dead wrong with a close below the Value Area low with a stop as indicated.
Good luck trading!
Symmetry within the rotational area is beautiful.
If it hasn't already begun, the reciprocal initiation move should be a Rally and a symmetry measurement puts the current target at 24.30.
That could shift around a bit as more data comes in to reveal the true initiation point, but it's going to be in that 23-25 area.
Right now, it's sitting right on the balance area mode. The easiest place to get filled at, but one of the more difficult places psychologically for a Value trader seeking to do business at advantageous prices (the mode being an exactly fair price).
Actually, this rotational area is so well balanced I'd venture to call it a proper mean.
I'm dead wrong with a close below the Value Area low with a stop as indicated.
Good luck trading!