Tracking a Possible bearish 5.0 pattern combined with a supply level and AB=CD pattern
The second spike up on this chart does not align with my charts so may be a bad tick but I have marked them both out as potential levels
Do not expect a large move down but expecting some form of reaction there, at least 38% retracement up to 61% retracement of the C-D leg up which is still a good 3-5:1 reward to risk
The second spike up on this chart does not align with my charts so may be a bad tick but I have marked them both out as potential levels
Do not expect a large move down but expecting some form of reaction there, at least 38% retracement up to 61% retracement of the C-D leg up which is still a good 3-5:1 reward to risk