At the current price structure I've selected three trading ranges.
There are 1-1, 2-2, 3-3.
1-1.
This price channel is in a Phase B now, and the bias isn't clear for me at the moment. I suppose this is Distribution pattern, but we still have to see some kind confirmation, like a Phase C. I expect that this TR will unfold this week, we could see SOW or Spring type event.
2-2.
A Distribution upslope trading range. After the Upthrust action, we already have seen a LPS and minor SOW events. Let's wait for the end of trading environment for this channel. I think we could go to 126.4.
3-3.
Well, this trending range is like the 1-1 with the same goals and expectations.
Just let's wait for one or two days.
There are 1-1, 2-2, 3-3.
1-1.
This price channel is in a Phase B now, and the bias isn't clear for me at the moment. I suppose this is Distribution pattern, but we still have to see some kind confirmation, like a Phase C. I expect that this TR will unfold this week, we could see SOW or Spring type event.
2-2.
A Distribution upslope trading range. After the Upthrust action, we already have seen a LPS and minor SOW events. Let's wait for the end of trading environment for this channel. I think we could go to 126.4.
3-3.
Well, this trending range is like the 1-1 with the same goals and expectations.
Just let's wait for one or two days.