Bump and Run Reversal - BARR Formation
On the 6H a BARR formation (Bump & Run Reversal)
A sideways price action followed by a sharp drop which then sets course towards the Lead in line. When the price breaks the Lead-in line it is desirable to spot a re-test to make the RUN... Target red box around $18
it looks like a bounce on the previous support line was there in case of losing that support i be looking at the 2 blue boxes. The Elliot Wave is included in this and I assume we are in wave 4 yes these blue boxes also fall within the margin of the wave 4 fibs, and together with the support lines based on the swing points could therefore be a solution.
Then the following... which is the MA200 which coincides with the "old support line" see story above. and the lowest blue box currently coincides with the MA50.
Keep calm, do your own research, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
A sideways price action followed by a sharp drop which then sets course towards the Lead in line. When the price breaks the Lead-in line it is desirable to spot a re-test to make the RUN... Target red box around $18
it looks like a bounce on the previous support line was there in case of losing that support i be looking at the 2 blue boxes. The Elliot Wave is included in this and I assume we are in wave 4 yes these blue boxes also fall within the margin of the wave 4 fibs, and together with the support lines based on the swing points could therefore be a solution.
Then the following... which is the MA200 which coincides with the "old support line" see story above. and the lowest blue box currently coincides with the MA50.
Keep calm, do your own research, trade safe and manage your risk.
(Disclaimer: This is not financial advice)
Tims.Technische.Analyse by TIMTIBBO