ILV Oversold ABC "C" is 22.00 35.00 is Key to hold
Not financial advice
We have a harmonic ABC pattern playing out here
Parabolic trendline on RSI has broken.
And we should start to see our descent down to 42-45 range first first then up to around 48 level before ultimate drop to 22.00
35.00 right now is area of interest to hold kinda the mid point in a sense.
Within these overall patterns we have mini patterns of moves.
Like this move from 35-51 gave us our B from the bottom.
Now we must find the "C"
We have a harmonic ABC pattern playing out here
Parabolic trendline on RSI has broken.
And we should start to see our descent down to 42-45 range first first then up to around 48 level before ultimate drop to 22.00
35.00 right now is area of interest to hold kinda the mid point in a sense.
Within these overall patterns we have mini patterns of moves.
Like this move from 35-51 gave us our B from the bottom.
Now we must find the "C"
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