Timeframe: 240M
Main Scenario: It should drop further after the valid breakdown below the lower median line (lml) and below the outside sliding line (sl) of the minor ascending pitchfork.
Alternative Scenario: Only a valid breakout above the UML it could invalidate the bearish scenario.
Entry/Stop Loss/ Take Profit: The rate should resume the downside movement if it will drop and close below the 0.01804679 former low. The Stop Loss can be placed above the 0.01915002 high and the Take Profit somewhere at the 0.01444555 level.
Duration: One Week
Consolidation/Ratification level: You should place the Stop Loss right below the opening price if the rate it will reach the major uptrend line.
Warning Level: It the rate it will make a valid breakout above the upper median line (UML) you should know that a further drop could be invalidated.
Risk Management: Risk/Reward Ratio: 2.23
Main Scenario: It should drop further after the valid breakdown below the lower median line (lml) and below the outside sliding line (sl) of the minor ascending pitchfork.
Alternative Scenario: Only a valid breakout above the UML it could invalidate the bearish scenario.
Entry/Stop Loss/ Take Profit: The rate should resume the downside movement if it will drop and close below the 0.01804679 former low. The Stop Loss can be placed above the 0.01915002 high and the Take Profit somewhere at the 0.01444555 level.
Duration: One Week
Consolidation/Ratification level: You should place the Stop Loss right below the opening price if the rate it will reach the major uptrend line.
Warning Level: It the rate it will make a valid breakout above the upper median line (UML) you should know that a further drop could be invalidated.
Risk Management: Risk/Reward Ratio: 2.23