D LEG IN GARTLEY PATTERN COMPLETED RSI OVERSOLD UNDER 20 , RISING LONG TERM TARGET TO 150 BELOW WEEKLY DECENDING TREND LINE
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PROBABLY LAST FALLING MOVEMENT TODAY
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BUY THE MARKET PRICE, STOPS AT 108,5
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EXCELLENT RRR 8,8
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Be prepared for retest of the lows.it should be influenced partly throgh falling eurusd.we then use the move to enter our longs if the pattern occour...
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The market is steadily moving upwards. Now the falling trendline seems to be overcome.... which suggest our targets could be hit in 2-3 weeks time frame...
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coffe is 2/3 on the way to hit target ..
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if the market overcome 144 t
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the path to 150 should be then much more easier
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UnknownUnicorn503283
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Any ideas on fundamentals that can drive this ? Thanks !
Smokwawelski
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@btcana, ITS PURLY PATTERN ANALISIS , STRONGLY SOLD OFF MARKET NEEDS REBOUND TOWARD FALLING TREND LINE ON HIGHER TIME FRAME -AS SPRING NEEDS MOVEMENT IN OPPOSIT DIRECTION IF THE WEIGHT MAKES IT LONGER. GENERAL MOOD ON COMMODITY MARKETD SEEMS TO BE GETTING BRIGHTER. I SUSSPECT RETEST THE LOW 113,6 AND THEN STARWAY TO HEAVEN -150
UnknownUnicorn503283
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@Smokwawelski, Why all caps fam XD. Anyways good work and I appreciate much.
Smokwawelski
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@btcana, thanks for following. i havent published the sugar bat patteorn, but it seems to me it should fall to 11,5 area and bounce back. so you could get confluence
Smokwawelski
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@Smokwawelski, on these two commodities heading in one direct -north
UnknownUnicorn503283
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@Smokwawelski, So far so good , failed to break 50MA on daily.