1) Weekly chart still in downtrend (below 200EMA)
2) Retesting historic parallel channel cleanly (wick rejecting can be seen)
3) Rejecting 0.618 Fib
4) Catching the handle of a potential C&H pattern
TP at the last demand zone + Weekly FVG. To secure partials along the way.
2) Retesting historic parallel channel cleanly (wick rejecting can be seen)
3) Rejecting 0.618 Fib
4) Catching the handle of a potential C&H pattern
TP at the last demand zone + Weekly FVG. To secure partials along the way.
Trade closed: stop reached
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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.