0-1 There was a Cypher Pattern, which gave us point 1 completion at -0.618. 1-2 ABC Pattern was formed. 2-3 Bullish impulse from ABCs and X-A of Gartley Pattern. 3-4 Type of ABCD formation that gave us D completion of Gartley Pattern exactly at 0.786. 4 to 5 I expect Channel to be completed by reaching point 5 at top. I measured bullish Flag by placing 0.236 at top of consolidation and got 0.618 as perfect support for the entire consolidation, -0.27 - 1.618 area would be take profit (1.618 from Trend-Based Fib Extension). MACD shows Flag much easier with an ABC structure for our bullish impulse. Good Trading - Daily Chart
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Price made retest at major trendline leaving a minor consolidation for support and went bullish, at this point I still expect some consolidation at that area, but expect tou buy that breakout. Good Trading.