NHY
ASA - OSL Incepition day 23-3-2020Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Lighten colors = Support | Darken colors = Resistance
Current Pattern Formation Level:
Alpha pattern: Symmetrical Triangle -> Bullish Pennant
Beta pattern: Descending Broadening Wedge
Possible Echo Pattern: Descending Broadening Wedge
Today's Note:
Pretty much the same story as NAS. This one is a bit peculiar though. My point is, and it's a strange one. The price actually must come down a little bit, confirming a lower low. With result that this chart creates a bull pattern. Instead of a bearish one, if it does find support on the current region. Nonetheless, it does make sense? When you look at the big picture.
Genuinely curious whether this going to play out as I'm forecasting today.
To be concluded...