We have an abc within a larger abc, both completing in tight PRZ area. Completion will
be into an area of prior resistance, supporting a potential short here. Additionally, starting
from the origin of the larger abcd, should both complete, one could draw a bullish shark
basis this final rally (as it falls within the 1.13-1.618 range). This would be supportive
of the expectation of a "brisk" move down towards it's PRZ area.
be into an area of prior resistance, supporting a potential short here. Additionally, starting
from the origin of the larger abcd, should both complete, one could draw a bullish shark
basis this final rally (as it falls within the 1.13-1.618 range). This would be supportive
of the expectation of a "brisk" move down towards it's PRZ area.