There is nothing much to say, Butterfly bearish pattern and MACD indicates as well a downfall. Histogram doesn't show a strong downtrend. AS well we see price ranging, need some time to determine if it is a downtrend with a significant move.
There is nothing much to say, Butterfly bearish pattern and MACD indicates as well a downfall. Histogram doesn't show a strong downtrend. Maybe we can see a price retracement ?
We see some Higher Lows (Lower Highs on RSI, which means a bearish divergence) and a complete three drive pattern, which could indicate a downtrend. Two drive points where at the 0.618, and everything went like textbook. If you want to give any pointers, feel free. Would like to hear some pointers
As a follow up, looks like ABC forming. If it reaches 0.382 level, we could expect for downwards move and if not then the next resistance level will be at 0.5 Fib. And if that happens, I think it would break the ABC pattern.
Relatively new to trading, but just looking for any opinions on my chart, started to see an ascending triangle, and as well ABCD pattern forming, could it be a signal for a downtrend?
