Dear traders,
Sooooo, first of all. Look at this, mona lisa? To set things straight, we got:
Bearish gartley;
(Potential) Bullish Bat;
Bearish ABCD pattern;
Clear structure.
We see that price really struggled to push higher, at the lower end of the blue box, after which sellers pushed price down and buyers pushed price higher, just by a little bit, which indicates to me that bulls aren't that strong. Price really didn't decide where to go. But guess what that gives us? You are right, trading opportunities. When the market is ranging, you see what is happening, yes again, advanced patterns.
Please be advised and see if those trading ideas shared here fits YOUR OWN TRADING PLAN, which is backtested atleast 100+ trades or 3/4 + years of data, to get a general idea what the system does in certain market conditions.
Sooooo, first of all. Look at this, mona lisa? To set things straight, we got:
Bearish gartley;
(Potential) Bullish Bat;
Bearish ABCD pattern;
Clear structure.
We see that price really struggled to push higher, at the lower end of the blue box, after which sellers pushed price down and buyers pushed price higher, just by a little bit, which indicates to me that bulls aren't that strong. Price really didn't decide where to go. But guess what that gives us? You are right, trading opportunities. When the market is ranging, you see what is happening, yes again, advanced patterns.
Please be advised and see if those trading ideas shared here fits YOUR OWN TRADING PLAN, which is backtested atleast 100+ trades or 3/4 + years of data, to get a general idea what the system does in certain market conditions.