The price perfectly fulfills my last idea. The market formed a double top and fell from resistance. The price broke through the resistance and pulled back at fell below. The resistacne zone was tested multiple time before. Like EURUSD the market formed a fake break of the resistance. I expect a pullback down from the resistance zone because the market trend is bearish and ascending channel is just a pullback against main trend. My target is 0.66265 support level .
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
he expansion of the range with the last D1 timeframe engulfing bullish candle movement for this month of April, proposes to consider the threshold and start at the break of the corrective range for all of March, The immediate bearish response from the R resistance of said MAX was immediate with lower momentum candlesticks, but managing to touch and surpass the main S support, where for this effect of forces, a pullback is to be expected, with the capacity of a semi-consolidated continuation pattern Rising Three Methods Candlestick, for the transition and culmination of the corrective range, towards the continuation of the true trend in the coming context propitiating throughout the month of February, being in this projection of continuation wave 3 of elliot, and if we consider the timeframe of D1 from October of the previous year 2022, it is a clear warning that the participation of market forces is directing to culminate in the bearish projection the last shoulder of a formation of great strength HCH
"my apologies for the translation"
Lingrid
⋅
What do you think, guys? Feel free to share your ideas ✌️?
CobraVanguard
⋅
nice Setup
SmokeyRidgeTrader
⋅
Nice short setup before the reversal👍🏼Longs got picked up this am, great post! Keep it up🍻
seanpete
⋅
Nice set up, market playing out
UnknownUnicorn52780235
⋅
Same view mate
YongTung
⋅
nice set up
HAMED_AZ
⋅
Nice view
FirstNameHelen
⋅
Interesting view, I'm probably agree with your analitycs
The immediate bearish response from the R resistance of said MAX was immediate with lower momentum candlesticks, but managing to touch and surpass the main S support, where for this effect of forces, a pullback is to be expected, with the capacity of a semi-consolidated continuation pattern Rising Three Methods Candlestick, for the transition and culmination of the corrective range, towards the continuation of the true trend in the coming context
propitiating throughout the month of February, being in this projection of continuation wave 3 of elliot, and if we consider the timeframe of D1 from October of the previous year 2022, it is a clear warning that the participation of market forces is directing to culminate in the bearish projection the last shoulder of a formation of great strength HCH
"my apologies for the translation"