Significant trendlines can be used to predict time horizon of impulsive movements.
Circle: Violent move down at significant crossover.
In confluence with .618 ret of bear swing.
Pattern bear flag. Ascending channel. Corrective ABC.
Stay cash.
Circle: Violent move down at significant crossover.
In confluence with .618 ret of bear swing.
Pattern bear flag. Ascending channel. Corrective ABC.
Stay cash.
Note
Corrective ABC pattern is strong. To go for long we should wait for a pattern change outside of channel
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.
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.