The junction indicated is a point where I want to buy. Note that the price DOESN'T have to make the red dash line drop before rallying, since it had already hit 50% retracement and 61.8% extension of BC/AB.
A bounce off the pitch fork bottom support line is ideal, it could very well reverse before that.
A bounce off the pitch fork bottom support line is ideal, it could very well reverse before that.
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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.