Price can be seen in the larger circle to stick to the outer side of the circle, and eventually get rejected.
This pattern can repeat within a smaller circle (blue) and eventually lead to a complete breakdown in price. (along the white line)
Attached is a bullish Idea on the same chart, choose your destiny.

This pattern can repeat within a smaller circle (blue) and eventually lead to a complete breakdown in price. (along the white line)
Attached is a bullish Idea on the same chart, choose your destiny.

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.