matteo.broggini.1

matteo.broggini.1

.ABCD bearish patter is completed if we imagine point D(2) at 1.2 extension of wave BC. I suggest to open now a position short with: Target 1: 0.608 fib retracement of CD Target 2: When price cross under price of point C Target 3: 1.272 fib retracement of CD Place Stop loss just over point D (the one shown on the graph) that is the end of a BAT (XABCD)...

matteo.broggini.1

Stochastic and Volume are showing good signs of a probable imminent reversal. The med term macd though is still bearish. My belief is that the price will retest either the 12/03 minimum or the EMA50 before rallying to an other high. If you believe that this is a good long opportunity; I suggest to wait for one of the two ipotesis to open at a cheaper price and...