Bearish slump today has printed an Evening Star candle formation on the 2 day chart.
Now with overlapping highs, this can be 3 waves and Phase A complete of an accumulation and from here it can potentially get all the way back to the retracement Golden Window or even make a lower low to form "ST" Secondary Test.
There are other possibilities and this could have more overlapping lows and highs to print an ascending wedge to then fall from to a GW retracement.
But whichever it is, it does not look bullish here and the opportunity for a great discount is on or perhaps even just to stay out of the way of a dangerous waterfall chart.
We'll see how it develops 🤨.
Now with overlapping highs, this can be 3 waves and Phase A complete of an accumulation and from here it can potentially get all the way back to the retracement Golden Window or even make a lower low to form "ST" Secondary Test.
There are other possibilities and this could have more overlapping lows and highs to print an ascending wedge to then fall from to a GW retracement.
But whichever it is, it does not look bullish here and the opportunity for a great discount is on or perhaps even just to stay out of the way of a dangerous waterfall chart.
We'll see how it develops 🤨.
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Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Get the "heads up" at critical moments - don't lose your shirt.
$50 per month 👍🏻.
Contact: t.me/dRends35