I believe so. We have retraced the most recent dump before this pattern. I've cloned the bar pattern and matched it up to the current fibs and levels - it's too close to ignore.
We will continue the trend down I feel. We will break this rising wedge (continuation pattern) around this zone.
Comment
It looks like we are respecting this fractal like I thought we would. Momentum is shifting and we are going to go down. Let's see where it goes, those support levels below it need to be smashed to go further down... hope they hold (not really I'm in a short.).
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.