If this be a cnh, it would be my first genuine one and will ride it with pleasure.
Already opened an initial position though I'm certain the bottom is not in yet. First long after weeks, and I must say, the feeling is weird.
Not staying till the breakout, the longest I can will be till the yellow line. This is more of a swing considering I'm using to playing 2-10min scalps.
Still have a lot to learn esp concerning these kinds of patterns.
Pulled up the fib retracement from top to bottom, to find potential area of strong resistance, taking advantage of the golden pocket( fib 0.618 and 0.65)
Note: The position wasn't opened because of this unverified cnh, otherwise that would be gambling, the decision was solely based on the previous analysis, this is something that I came across upon further inspection.Trade safe, due diligence is advised!
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