Was the pop down enough to shake out the bulls?
Refining the possibilities of different scenario's I've come up with a resistance zone:
- the 0.236 retracement of the midterm bullish trend at 1.9363,
- the 0.382 retracement of the prior bullish AB=CD at 1.9383,
- the 2.0 extension of AB of the bullish butterfly pattern,
- the 2.24 extension of AB of the bullish butterlfy pattern,
- the line up of the base line of the mid of the channel,
- ignored the gartley because of too much risk with lowering the SL below the XA 1.113 extension
Refining the possibilities of different scenario's I've come up with a resistance zone:
- the 0.236 retracement of the midterm bullish trend at 1.9363,
- the 0.382 retracement of the prior bullish AB=CD at 1.9383,
- the 2.0 extension of AB of the bullish butterfly pattern,
- the 2.24 extension of AB of the bullish butterlfy pattern,
- the line up of the base line of the mid of the channel,
- ignored the gartley because of too much risk with lowering the SL below the XA 1.113 extension
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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.
Related publications
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.