The W pattern appears to have ended at the 1.414.
Crooked Ws become bearish when the 4th leg ends.
1.414 is the square root of 2.
I can not find the name of this pattern but I am seeing quite a few.
Short for the longer term
No recommendation/price is still above the .236 of the trend up.
Crooked Ws become bearish when the 4th leg ends.
1.414 is the square root of 2.
I can not find the name of this pattern but I am seeing quite a few.
Short for the longer term
No recommendation/price is still above the .236 of the trend up.
评论:
This will be a long haul down and then there is probable support at that gap up, but a rewarding short if you can hang (o: I plan to hang.