Chart 2 zooms in to the current market action for a closer look. Here we can see the channels coming together and defining what appears to be a wedge pattern for the recent movements.
Now that we have the market framed a little bit, potential trade opportunities become obvious. We can see that a break of any of the current s/r’s holding the market could see the market move to the next s/r that has been defined.
A break of the dashed s/r C for example offers an opportunity for a potential move from the market back to s/r D.
(article continues on chart 3 linkes below)
Now that we have the market framed a little bit, potential trade opportunities become obvious. We can see that a break of any of the current s/r’s holding the market could see the market move to the next s/r that has been defined.
A break of the dashed s/r C for example offers an opportunity for a potential move from the market back to s/r D.
(article continues on chart 3 linkes below)
Andrew J.D. Long, MFTA
MATASII.com
MATASII.com
