Since people liked the analysis of the EUR/USD pair, I decided to continue. Also pleased me the number of views. And so the short-term trend is still upward. This time I decided to conduct a quick wave analysis and the nearest targets. Seems to have formed a triangle or pennant. Goals for him marked on the chart. In General, I like it with my triangles. We are also in a bullish Andrews ' pitchfork. Breaking it will tell the beginning of the correction and the trend break. If you like my ideas subscribe and of course put likes
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obliged to provide you standard drawing Andrews ' Pitchfork. In this case, we have a common trend channel. This option is also worth considering
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in connection with the latest update of the idea of bitcoin, I will say that this pattern is only included in the breakdown. It may fail
Totally wrong mate. You cannot just join any three points and rather you need to connect three pivot point.
TimurKuspanov
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@rkerketta1986, Yes you are right if judge trend in General. But I have experience in building the Pitchfork and in this particular case it is built for wave analysis. The emphasis is on the median itself. But if you ask, I will present the standard construction
ShounakShetty
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So basically you're saying that D has not been touched yet and for the short term we will be testing upper trendline while BTC is testing 8600?
TimurKuspanov
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@ShounakShetty, Yes, I think I got you right. But I do not recommend trading inside this triangle