-Structure LH´s and LL´s
-ABCD in play
-Overall uptrend if we look at the weekly chart
-Arrows show what could happen
I see this big move to the down as a major retracement for the weekly chart.
-ABCD in play
-Overall uptrend if we look at the weekly chart
-Arrows show what could happen
I see this big move to the down as a major retracement for the weekly chart.
Comment:
Looks like we take the train to 10800 Points
Trade active:
Still looks good and fully in play
Comment:
Second possible scenario which is marked with the upward arrow is in play, price is rejected perfectly