Update of the original post to add that this pattern has taken over a month to form! Do not go into it expecting it to breakout over a single day or few hours. This could well take several days, weeks or even months before its finished playing out!
The pattern just gives us a fairly good idea of the absolute low of the move, along with where our key lines of support should be if we find corrections or dips along the way.
Remember to use LOW leverage to avoid getting wrecked!
This move IS confirmed. - The CME gap may cause a delay in the breakout but also gives a second chance at a better entry price!
I've left my other predicted Support/Resistance levels based on previously VERY well respected trend lines. They are good potential take profit areas!
Good luck and happy trading everyone :D
The pattern just gives us a fairly good idea of the absolute low of the move, along with where our key lines of support should be if we find corrections or dips along the way.
Remember to use LOW leverage to avoid getting wrecked!
This move IS confirmed. - The CME gap may cause a delay in the breakout but also gives a second chance at a better entry price!
I've left my other predicted Support/Resistance levels based on previously VERY well respected trend lines. They are good potential take profit areas!
Good luck and happy trading everyone :D
