HELLO GUYS The expected scenario based on the previous and repeated original trend. - At the beginning, we notice that the price is moving within a descending triangle, which is a negative pattern. The price touched the falling trend line at three tops (B,D,F). And the main support line in three also (A, C, E). - Every time after reaching the descending trend line, a top forms, then a lower bottom, then a lower corrective top, then a lower bottom, and so on until the main bottom is reached at the original support line, then rebounds to reach the next top.
-All of this happens in complete agreement with the stochastic movement, which is almost identical to the price movement. -Today, we have the first bottom after the top, and it is heading to form a lower corrective top.
-Would he complete in a similar way? -I have charted a potential path similar to what happened previously.
This analysis may be wrong or right, and is not investment advice.
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