Shout out to themerle for mentioning me on their site, and shout out to philipvdlinde for being an awesome mentor! :)
We'll probably see a small breakout above or under the current consolidation (422.10 or 436.45), and then a rejection, followed by a trend in the opposite direction. In a bearish trend scenario we'll see the price will fall to around 372 followed by a trendswitch.(upfollowing targets listed in chart) In a bullish scenario we'll see a run to 453. (if that happens i'll make a new chart with new targets)
We'll probably see a small breakout above or under the current consolidation (422.10 or 436.45), and then a rejection, followed by a trend in the opposite direction. In a bearish trend scenario we'll see the price will fall to around 372 followed by a trendswitch.(upfollowing targets listed in chart) In a bullish scenario we'll see a run to 453. (if that happens i'll make a new chart with new targets)
Note
Keep in mind: If :"We'll probably see...in the opposite direction." doesn't HAVE to happen, if it doesn't iit'll still probably follow the chart. There is a pretty big chance you'll see this price action in a consoliddation, and that chance is especially high with the 3rd marked (by blue pinpointers) consolidation.
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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.