ING Bear'ing

Updated
Not much into harmonic theory, but this is a clear AB=CD pattern.
Strong correlation between price action and downwards pitchfork.
RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
Trade active
Note
So far so good
Trade closed: target reached
Target reached on the 29th.
AB=CDCommodity Channel Index (CCI)Fibonacci ArcsFibonacci RetracementMoving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)Stochastic Oscillator

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