'Potential' Bullish Fractal Forming

By Butcher_of_Bitmex

Updated

There is a potential bullish (90% of the time) fractal forming. Pretty early to call; but we shall see. Marked as neutral, as there is a short leg first down to 9350.

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Same shape, slightly off. Invalid if we fall through the green line.

snapshot

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Optional path which goes a bit lower; is probably more likely

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Now that more of the structure has formed, will create a new edit. Seeing a bounce up to the green line (probably via wick) before a subsequent drop.

snapshot

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This is starting to look pretty good.

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This idea has been fairly spot on so far.

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Close to switching back to longs.

Butcher_of_Bitmex

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