Also broke out of Flag and RW Chimera structure.
RW also very flat.
RW also very flat.
Note
Oh wow guys, look at that! We broke out of another weak RW structure right back down to the top of the 1.5Y Peak Channel...Interestingly here, we have a couple old megaphone lines (red) in the mix, these have been quite reactive so far so this is the most powerful fractal area anywhere nearby meaning we're likely to bounce or break under and fall.
Note
Downtrend still winning as predicted!Note
New RW structure, much steeper than the last two, not as clear though, very chaotic.Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
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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.