ABC BullishPossible stop under C or where you see support.
Several green candles up and appears the green candles become smaller (Sometimes known as deliberation.) On Friday, a small red candle appears.
The target is D. If AB ends up equaling CD, then you can move the AB leg and extend it from C. The CD leg is often a lesser or greater fib level of AB and not always equal, but projecting the AB leg from C using the magnet, can give you a ballpark guesstimate.
Targets are calculated using the AB leg and fib levels. The fib retracement tool cam help you with this pattern. The 0 fib level would line up with C if it is indeed an ABC pattern, which is a pull back pattern.
The longer term DMAs (simple) are in order with key bullish crossovers marked with a green X. The shorter term DMAs (red, white & blue) or William's Alligator is also in chronological order.
For some reason this just feels right (o:
No recommendation.
Forget the past, but never forget the lesson.
