I want to state very clearly this is NOT a complete pattern therefore it is NOT valid yet. I am creating this new thread to continue the analysis I begun in December, as that thread ran on too long in the comments, every call there was correct and it extends from December to February:
I trade positionally, I do not trade small swings. So I have been waiting for a sign, some sort of indication of a larger trend forming on the longer timeframes, after I predicted the price recently topped at 10550.
This might be something, it might not. At the moment that's all we know. I will continue to update my thoughts here...
With the disclaimer as always that if you think I am interested in your opinion, you are mistaken.
I trade positionally, I do not trade small swings. So I have been waiting for a sign, some sort of indication of a larger trend forming on the longer timeframes, after I predicted the price recently topped at 10550.
This might be something, it might not. At the moment that's all we know. I will continue to update my thoughts here...
With the disclaimer as always that if you think I am interested in your opinion, you are mistaken.
Comment:
Let's have some updates on the daily. We're hovering around that old S/R. The C&H pattern I mentioned in an earlier thread, alongside the inverted H&S is starting to form:
Comment:
On the W, we have used the 50MA as support. This is positive.
Comment:
Is it enough for me to pull the trigger on my bids? Not yet. But i'll tell you lot something, it's getting close.
Comment:
Herein lies a valuable lesson in patience. No pattern is valid until it's complete. We will see support at the 100MA in the next instance. After that we will wait and observe
Comment:
The original ascending triangle is still very much in play on the D
Comment:
@hubavka you were the chosen one and yet there you are making predictions off a 60m chart.
How the mighty have fallen.
How the mighty have fallen.
Comment:
If we are going to bounce anywhere it'll be here. Notice the 100MA support and that same 40RSI:
Comment:
Also coincides with full retrace of ascending pizza
Comment:
If we bounce there, then it's... interesting. But i'll keep my thoughts on that to myself for now.
IT'S AN INCOMPLETE PATTERN THEREFORE MEANINGLESS RIGHT NOW - The right shoulder may well dip further...