Last attempt at the top 2 BART breakdown to $7700 expected.
The levels I mentioned in the previous analysis remain valid however I feel I erred in the time frame of the move down to $7700.
The move down however should have been drawn steeper taking us about 2 weeks.
The price action leading upto and within the descending triangle seem to be indicative of a BART pattern with a breakdown taking us back to base of the pattern at $7700.
The final spike of this pattern is likely to be the move up from $8400 reaching the descending yellow long term trend line. This point will be quite a symmetrical breakdown libel corresponding with the move up to the top of the pattern.
Thank you for you’re time and attention. Please like and comment if you enjoyed my ramblings and even more so please comment if you disagree as honest criticism is what will allow me to grow.
Peace to you all.
The move down however should have been drawn steeper taking us about 2 weeks.
The price action leading upto and within the descending triangle seem to be indicative of a BART pattern with a breakdown taking us back to base of the pattern at $7700.
The final spike of this pattern is likely to be the move up from $8400 reaching the descending yellow long term trend line. This point will be quite a symmetrical breakdown libel corresponding with the move up to the top of the pattern.
Thank you for you’re time and attention. Please like and comment if you enjoyed my ramblings and even more so please comment if you disagree as honest criticism is what will allow me to grow.
Peace to you all.
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