The highlighted yellow in the chart shows a recurring pattern before it hits the resistance line and subsequently bounces off.
Use any techniques like this to help astablish a large patterns future points.
In this example it has helped show that the last point of this ABCDE wave. My expectations are for this to go long now.
Use this price for a nice buy in or wait for breakout later.
If buying in now I would have a stop just below the resistance line.
Use any techniques like this to help astablish a large patterns future points.
In this example it has helped show that the last point of this ABCDE wave. My expectations are for this to go long now.
Use this price for a nice buy in or wait for breakout later.
If buying in now I would have a stop just below the resistance line.