AB x .618 = CDs in diagonal ?
It appears CL is working on a contracting diagonal. Our recent peak
measures as an AB x .618 = CD, and basis the next leg measuring the
same, this is confluent with the falling lower TL. I would view this as
a target area for a "5th touch" within the apparent falling wedge.
measures as an AB x .618 = CD, and basis the next leg measuring the
same, this is confluent with the falling lower TL. I would view this as
a target area for a "5th touch" within the apparent falling wedge.
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.
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.