HELLO GUYS
The expected scenario based on the previous and repeated original trend.
- At the beginning, we notice that the price is moving within a descending triangle, which is a negative pattern.
The price touched the falling trend line at three tops (B,D,F).
And the main support line in three also (A, C, E).
- Every time after reaching the descending trend line, a top forms, then a lower bottom, then a lower corrective top, then a lower bottom, and so on until the main bottom is reached at the original support line, then rebounds to reach the next top.
-All of this happens in complete agreement with the stochastic movement, which is almost identical to the price movement.
-Today, we have the first bottom after the top, and it is heading to form a lower corrective top.
-Would he complete in a similar way?
-I have charted a potential path similar to what happened previously.
This analysis may be wrong or right, and is not investment advice.
The expected scenario based on the previous and repeated original trend.
- At the beginning, we notice that the price is moving within a descending triangle, which is a negative pattern.
The price touched the falling trend line at three tops (B,D,F).
And the main support line in three also (A, C, E).
- Every time after reaching the descending trend line, a top forms, then a lower bottom, then a lower corrective top, then a lower bottom, and so on until the main bottom is reached at the original support line, then rebounds to reach the next top.
-All of this happens in complete agreement with the stochastic movement, which is almost identical to the price movement.
-Today, we have the first bottom after the top, and it is heading to form a lower corrective top.
-Would he complete in a similar way?
-I have charted a potential path similar to what happened previously.
This analysis may be wrong or right, and is not investment advice.