Hello friends, traders and interested,
good evening, morning, lunch or whatever now is your time, a quick update to my past TA´s. I am quite happy, that the last TA´s have been quite useful. Lucky guy I am. Okay, to the Chart. Today only a few words, cause lines are self explaining.
Just a few words to the ABCDE- Pattern. We left the uptrend channel. Okay, that does not mean, that a bigger dump is impossible, but in my opininion, 8K or lower are for the history books, you can tell your Kids in the future what was 8K.
Possible will be the A B C D E - pattern. And I think we will follow the A, B, C, D as marked in my TA. Unsure I am about E. In my Opinion, after the D we will see a ittle retest of the big inverted H & S neckline. This would be absolutely normal, compared to other H & S formations, where we retest the neckline after breakout. Therefore I do not think, that we will go down to my marked "E ?".
Okay, I hope this TA will not be completely wrong.
As always, this TA is no trading advice. It is just educational. Trade on your own risk.
Best whishes to all,
Sascha
good evening, morning, lunch or whatever now is your time, a quick update to my past TA´s. I am quite happy, that the last TA´s have been quite useful. Lucky guy I am. Okay, to the Chart. Today only a few words, cause lines are self explaining.
Just a few words to the ABCDE- Pattern. We left the uptrend channel. Okay, that does not mean, that a bigger dump is impossible, but in my opininion, 8K or lower are for the history books, you can tell your Kids in the future what was 8K.
Possible will be the A B C D E - pattern. And I think we will follow the A, B, C, D as marked in my TA. Unsure I am about E. In my Opinion, after the D we will see a ittle retest of the big inverted H & S neckline. This would be absolutely normal, compared to other H & S formations, where we retest the neckline after breakout. Therefore I do not think, that we will go down to my marked "E ?".
Okay, I hope this TA will not be completely wrong.
As always, this TA is no trading advice. It is just educational. Trade on your own risk.
Best whishes to all,
Sascha