5 wave pattern developing in the channel...i'm expecting 5th wave to finish around previous high of .77300, then a double top formation ..short on the 2nd top for potential big gains... ensure price has fallen out of channel and broken support line..will take 2-4 days so don't rush in.....
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Has fallen out of channel....Im watching to see if it can make a\ higher high...structure says it probably wont and instead will make a shoulder like the one on the left....i may enter a shere..SL above the blue resistance trendline....could be a big move down...potential bat pattern....
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short not shere!!!Note
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Waiting to get in on a short for the 'C' wave....
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Disclaimer
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.