Morning guys,
Here is the situation when details are important. Today we focus on short-term situation. As you can see on the chart our secondary AB=CD pattern is completed, while
primary AB-CD (red letters) is not yet. Its OP target stands around 8.3K area. So, I would ask you - how do you think, whether it will be completed, or not. And where bull scalpers should consider long entry here?
Here is my suggestion... Take a look that we have downside action, while MACD trend shows up. This is the situation that called as "bearish dynamic pressure" by DiNapoli framework. In this situation odds
suggest the new lows, at least. And it makes me think that major OP target probably will be reached.
Hence, if you consider long entry - wait a bit more, at least until OP will be hit.
Here is the situation when details are important. Today we focus on short-term situation. As you can see on the chart our secondary AB=CD pattern is completed, while
primary AB-CD (red letters) is not yet. Its OP target stands around 8.3K area. So, I would ask you - how do you think, whether it will be completed, or not. And where bull scalpers should consider long entry here?
Here is my suggestion... Take a look that we have downside action, while MACD trend shows up. This is the situation that called as "bearish dynamic pressure" by DiNapoli framework. In this situation odds
suggest the new lows, at least. And it makes me think that major OP target probably will be reached.
Hence, if you consider long entry - wait a bit more, at least until OP will be hit.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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.