Zig Zag to Short Continuation
After allowing the market to play out, we have enough data to see that a Zig Zag 5-3-5 structure is in the works.
About in the beginning of a C wave of Zig Zag ABC pattern. Both H8 and H4 stochatics is still bearish in trend, and stochastics on smaller charts also support triangle pattern correction.
After correction we always have continuation of trend, this is not a reversal pattern or support area by any means.
Still allow the pattern to near finish before positioning, there can also be a pattern failure any time in trading.
Happy Hunting.
About in the beginning of a C wave of Zig Zag ABC pattern. Both H8 and H4 stochatics is still bearish in trend, and stochastics on smaller charts also support triangle pattern correction.
After correction we always have continuation of trend, this is not a reversal pattern or support area by any means.
Still allow the pattern to near finish before positioning, there can also be a pattern failure any time in trading.
Happy Hunting.
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