Below we have a simple ABCD pattern forming - currently progressing B-C. The following are noteworthy;
1 - Weekly candlesticks are bearish moves, we can predict further bearish activity;
2 - MA's have crossed over bearish on both daily and weekly timeframes;
3 - A smaller ABCD pattern completes at leg C of overriding pattern; and
4 - point C (or D of smaller ABCD pattern) would work to fill out a gap in the market that still remains unfilled
Point C should serve as a floor for DXY to climb to a new HH
Let's see how this pans out! Would love any feedback ;)
Happy trading folks - G5B_FX
1 - Weekly candlesticks are bearish moves, we can predict further bearish activity;
2 - MA's have crossed over bearish on both daily and weekly timeframes;
3 - A smaller ABCD pattern completes at leg C of overriding pattern; and
4 - point C (or D of smaller ABCD pattern) would work to fill out a gap in the market that still remains unfilled
Point C should serve as a floor for DXY to climb to a new HH
Let's see how this pans out! Would love any feedback ;)
Happy trading folks - G5B_FX
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.