Tracking a Possible bearish 5.0 pattern combined with a supply level and AB=CD pattern
The second spike up on this chart does not align with my charts so may be a bad tick but I have marked them both out as potential levels
Do not expect a large move down but expecting some form of reaction there, at least 38% retracement up to 61% retracement of the C-D leg up which is still a good 3-5:1 reward to risk
The second spike up on this chart does not align with my charts so may be a bad tick but I have marked them both out as potential levels
Do not expect a large move down but expecting some form of reaction there, at least 38% retracement up to 61% retracement of the C-D leg up which is still a good 3-5:1 reward to risk
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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.