Previous idea failed. What now?
Hi Folks:
Previous idea failed. Latest daily candle was quite bearish but we are approaching an area that can provide a good support and a good attempt to bounce after this important pull back.
I have redrawn a couple of descending channels that so far are respected and let's see which one will be the chosen one.
At this point it seems appropriate to wait for a clear confirmation rather than finding the bottom.
5 Weeks in a row in red, most probably will hit 128.6x before a possible bounce.
Cheers.
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Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Previous idea failed. Latest daily candle was quite bearish but we are approaching an area that can provide a good support and a good attempt to bounce after this important pull back.
I have redrawn a couple of descending channels that so far are respected and let's see which one will be the chosen one.
At this point it seems appropriate to wait for a clear confirmation rather than finding the bottom.
5 Weeks in a row in red, most probably will hit 128.6x before a possible bounce.
Cheers.
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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