Hello traders! We have an ABCD pattern here where we can expect a reversal after completion. This D point was a result of a break, a break below previous support where sellers failed to push the market below the 1.13 extension. This could mean a failed break of support. This is only valid if we see buyers push the market back above that zone where we will have a possible buy opportunity. This is not a signal but an idea shred for educational purposes. Traders should not trade from predictions but react from the market. Trade smart don’t gamble.
-Rum
-Rum
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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.