Orca Lower High Classic Patterns
Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching.
Trading volume is low on the second/current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
This pair, ORCAUSDT, is now set to produce a correction, this correction is set to develop in the short- to mid-term.
Thank you for reading.
Namaste.
Trading volume is low on the second/current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
This pair, ORCAUSDT, is now set to produce a correction, this correction is set to develop in the short- to mid-term.
Thank you for reading.
Namaste.
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