For long buy we have to wait for the retest then boom we good to go pay attention to the analysis
Market is a choppy one so by look of things our stop loss has to be tight and trust the process of a buy
We are in descending channel we can buy now stop loss below the channel
Possible retracement before it shoots up our Fib correspondence with new support
Market is in consolidation phase I'm expecting a breakout on the upside
Broken the correction phase expecting the impulsive move to the down side
Looking long on a sell on this pair now we've been consolidating this coming weeks bears may be in control
AS LONG AS THE PRICE IS BELOW THE NECKLINE NASDDAQ MAY FALL TO 9700 BUT FIRST HAVE TO BREAK 9700 AND NOW CREATED BEARISHING FLAG ON H1 MIGHT GIVE MOMENTUM TO BREAKDOWN
WE HAVEAN ABCD PATTERN WITH AN ASCENDING CHANNEL WITHIN THE CHANNEL WE HAVE A BULLISHING FLAG ALSO RESPECTED FIBO 50 LOOKING FOR BUY LONG
BEEN ON CORRECTION PHASE FOR MORE THAN TWO WEEKS NOW WE HAVE AN ABCD PATTERN LOOKING FOR BREAKOUT ON THE UPSIDE TO TOUCH THE MAJOR RESISTANCE ON DAILY TRENDLINE