Hello traders,
We are looking at a possible standard triple structure correction which would mean that the correction is likely to be over and we can expect a reversal pattern to the upside very soon.
However, if a WXYXZ pattern starts to form then we will most likely only get a small up move to be rejected at/or slightly below the yellow trend line and then fall down one more time to make a new low.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
We are looking at a possible standard triple structure correction which would mean that the correction is likely to be over and we can expect a reversal pattern to the upside very soon.
However, if a WXYXZ pattern starts to form then we will most likely only get a small up move to be rejected at/or slightly below the yellow trend line and then fall down one more time to make a new low.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck