Hello everyone,
My idea today is that this bullish retracement may have more legs to it. Based on some confluence factors around a possible 50% Retrace Support Holding from the two previous apposing swings as illustrated. There are also multiple time and price elements ( Some not shown ) on the chart supporting this view including my experimental TIK fork together with a traditional Schiff pitchfork nailing the Pin Bar beautifully. There are also higher bottoms indicating the bears are losing the battle.
Let's see how this unfolds
My idea today is that this bullish retracement may have more legs to it. Based on some confluence factors around a possible 50% Retrace Support Holding from the two previous apposing swings as illustrated. There are also multiple time and price elements ( Some not shown ) on the chart supporting this view including my experimental TIK fork together with a traditional Schiff pitchfork nailing the Pin Bar beautifully. There are also higher bottoms indicating the bears are losing the battle.
Let's see how this unfolds