Aussie end of upward pattern
As shown, a diametric is over. Another bearish pattern is unfolding. Can't tell what the fashion will be yet.
1. Price might retrace and give us another chance to enter short position;
2. The price will drop to at least the area between the 2 horizontal line, possibly exceed the bottom one;
3. The bearish pattern will last at least to March, 2020;
4. After the bearish pattern ending, there will be huge burst up, which we've never seen in the past decades.
1. Price might retrace and give us another chance to enter short position;
2. The price will drop to at least the area between the 2 horizontal line, possibly exceed the bottom one;
3. The bearish pattern will last at least to March, 2020;
4. After the bearish pattern ending, there will be huge burst up, which we've never seen in the past decades.
Note
somehow the dots are not shown in the chart. Anyway, not hard where I devide the pattern into sub-s.
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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.