AB=CD shape retracement and go...
Morning everybody,
This is just minor update to the same idea on BTC. In fact, we keep the same scenario but slightly adjust the price shape.
On 4H chart we have bullish engulfing and it suggests 1H action in a shape of AB=CD pattern. As soon as it will be completed, it could be setup to go short.
Most probable that it will happen around 3/8 resistance that we've mentioned yesterday, it will depend on the depth of "C" point here.
This is just minor update to the same idea on BTC. In fact, we keep the same scenario but slightly adjust the price shape.
On 4H chart we have bullish engulfing and it suggests 1H action in a shape of AB=CD pattern. As soon as it will be completed, it could be setup to go short.
Most probable that it will happen around 3/8 resistance that we've mentioned yesterday, it will depend on the depth of "C" point here.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
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