... then a downmove to new lows. Comments on the chart.
Note
The upmovve today more or less confirms the idea. Now I am looking for more upside but the big money according to my idea is the ensuing downside move. This, because we are in wave (e) of a triangle can start from anywhere from here.Note
plan is playing out as expected. I am now on the lookout for a reversal that would carry price to new lows. A break out of the triangle structure to the upside would negate the ideaNote
With last Friday's move the expected wave (e) might be done. If it is then all we have to look forward to is lower prices from here to new lowsNote
price moved up today but the idea is still in play for a move to new lows. As long as .1450 is not broken on this chart I am still looking lower
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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.