Expecting a breakout from the current small
timeframe rising wedge to form an impulsive
move downwards.
Once the drop has been initiated price will
consolidate around the major bottom trendline
forming a bear flag before it can break out to
retrace the entire rising rising channel.
Price will most likely retrace 90% of the rising
channel due to the 90% rule concept
timeframe rising wedge to form an impulsive
move downwards.
Once the drop has been initiated price will
consolidate around the major bottom trendline
forming a bear flag before it can break out to
retrace the entire rising rising channel.
Price will most likely retrace 90% of the rising
channel due to the 90% rule concept