So far, so good
Price seems to be going down now, but then we'll see if it displays an ABC pattern for then resume the rally till a new all time high, or if it displays an impulse, in which case a different corrective pattern for Minor 4 will take place.
I still consider the expanded flat pattern to be my favorite because:
- I can count Minuette wave (b) only as a Flat+Flat combination (but maybe it's due to my limitations...);
- It's the pattern that appears to me as having the higher probability of being able to take price into the base of the blue channel.
I still consider the expanded flat pattern to be my favorite because:
- I can count Minuette wave (b) only as a Flat+Flat combination (but maybe it's due to my limitations...);
- It's the pattern that appears to me as having the higher probability of being able to take price into the base of the blue channel.
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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.