hey all,
i called a contracting flat on my previous post. i was wrong.
over the weekend i had a re-look at what could possibly play out. and this definately looks like a probable pattern possibility. lets see how this c wave plays out. we should get a reversal and movement to the downside soonish. ill update when that occurs. higher tf is still overall down. but we could be in a consolidation for a little while before any massive drop comes into play.
take care, trade safe
TM
i called a contracting flat on my previous post. i was wrong.
over the weekend i had a re-look at what could possibly play out. and this definately looks like a probable pattern possibility. lets see how this c wave plays out. we should get a reversal and movement to the downside soonish. ill update when that occurs. higher tf is still overall down. but we could be in a consolidation for a little while before any massive drop comes into play.
take care, trade safe
TM
Note
if we get some form of a consolidation at the current price level however, sells are to be in play 
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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.