Price making pressure to the support line of the channel, hopping price doesn’t go below 88.6% BC Fibo retracement and determinate that we have a Bullish ABCD pattern. If I take de X point into the harmonic analysis, the projection is for a Bullish Shark, placing the point D near of 0.3088; it’s hard to believe that it’s going to happen if I consider the channel. For now, I prefer to observe the ABCD pattern formation.
Keep bearish in the short term.
Keep bearish in the short term.
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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.