The pattern is forming
Updated
On lower time frames, we start to see LLs and price got rejected from MAs (in the circle). I keep my seller bias until we see HHs above MAs.
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At around 6 PM, sellers pushed below B point. This triggered pending buy orders which ended up around $0.143. However, buyers couldn't hold and let the price cross and go below B point further. So, I expect some more downward movement before buyers act again. On the other hand, as the time passes D point of the formation stays below the rising channel which makes it harder for this pattern to occur, yet I still expect a push towards the demand zone below. We'll see...Trade closed manually
I didn't like the sellers be too slow. I bought back my bag with a couple of % gains @$0.1337. In the end, profit is profit :)
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