Orca Lower High Classic Patterns

28 Okt 2024

Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching.

Trading volume is low on the second/current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.

This pair, ORCAUSDT, is now set to produce a correction, this correction is set to develop in the short- to mid-term.

Thank you for reading.

Namaste.