2 POSSIBLE RESULTS
A. May retest the 1st resistance line before going down on the turtle soup level - - - accumulation or buy area perhaps before going bullish
B. Going down below the 2300 line before going bullish
Supported also with the diamond pattern for confirmation on where the accumulation area should be if RESULT A happens.
Let's wait for this weeks opening considering also the fomc news this coming monday
Happy trading buddies!
A. May retest the 1st resistance line before going down on the turtle soup level - - - accumulation or buy area perhaps before going bullish
B. Going down below the 2300 line before going bullish
Supported also with the diamond pattern for confirmation on where the accumulation area should be if RESULT A happens.
Let's wait for this weeks opening considering also the fomc news this coming monday
Happy trading buddies!
Note
During opening of asian session today, the price hits near the trend line which shows that the pattern is working where a bounce happens inside the diamond patternWe will see in the coming days if it confirms Track A which retests the current average price below the 2320 - 2330 price line
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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.