this is not a call. just for educational purposes
lets see how this plays out
This pattern highlights the battle between the bulls and the bears very well. lets follow the trend we have been in a bear trend since end of january. an attempt to break the resistance failed we should have a short pullback this should form our new support and push us for a higher high. we need to see a good Volume stats preferably higher than declining days.
if we are forming this double bottom then big chance by end of june/mid july we start our new bull trend IMHO.
this is not a trade call. Feedback for any of the analysis is appreciated thank you.
let us see how it plays out.
lets see how it plays out. feedback always welcome
I just did this for fun. might be extremely bad, but the feedback will always be helpful. i suspect wave 4 to be the breakout but in my head this ugly scenario is what we are looking at. i am publishing this just to see how to it plays out compared to my own thoughts on this.
let us see how this plays out. feedback always welcome.