we might break through and pull back and it could sit on the line and go to all new highs bit it could also be a correction
there is allot of resistance at this level on the 5th wave.
I know my wave could could be wrong but i want to get this out there I wanted to share this as there
seems to be a trend forming, we may have even broke some of the pattern rules and principles but i wanted
to put this possibility out there, Im looking for support levels and resistance channel and some patterns that are matching.
Could possibly be a correction coming up. i would say over the next couple of days are going to be critical seeing if this is correct or
not but there is a pattern emerging on the chart no one can deny that,I more so want to get this out there as we are at that top resistance
This is just and idea and should be treated as an idea :) just lets sit back and watch see what happens this is on the 4hr chart beware
its the same on the 1 day chart.I hope we smash this down trend channel then we can trend a different way, i see always
on a downtrend since 20k good luck all
be patient guys, my chart was a little off as you can see.Loads of resistance and still
in the red on the daily chart. Have a look at the 30 min chart and hour chart make
sure the resistance line is spot on 100% you will see we are on it at the moment and
on a small downward trend.
i have drawn where too low which could change the price resistance level, i also see other forms of resistance
i want to share please check back later for a new chart with more accuracy, i think we will know sooner
or later but these trend line should fan out not be straight,There is more resistance if this is the case than
just the downtrend line :)..Will update soon as i have had my tea
yet but we are very close, with this momentum i personally think we will break this down trend im hoping, just keep in mind
we can break out of the channel by so much before we get back into it, if we do not get back into the channel this is off the table
and we go full out bullish.
comes out of this with some profit either way.