Channel created, middle section complete with a bullish push back up, now a retracement that may hold near the 61% fib, with potential to go back up to at least the first Double Top but aiming for the high of channel where potential to ride back down,but will watch how price moves if we reach TP.
Note
Beautiful Trade so far, did anyone get on this?Now as we are reaching the trend line, I have shared potential outcomes, I would originally suspect this to drop as falling wedge but nothing is guaranteed in the markets so we hold it and see how it reacts, we could get fake out, no problem once confirmed and back into structure we ride it back down.
What are your thoughts?
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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.