Fractal contracting triangle
This is the first correction outside of the wave 2 contracting triangle, and is recreating it in miniature.
My bias is that this triangle fails and price retests the top of the primary triangle. A failed minor triangle will put the willies into traders that the primary triangle will also fail.
I will be standing by trying to assess each step, and although I expect a retest, it isn’t necessary
My bias is that this triangle fails and price retests the top of the primary triangle. A failed minor triangle will put the willies into traders that the primary triangle will also fail.
I will be standing by trying to assess each step, and although I expect a retest, it isn’t necessary
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