Bullish Shark with "timing" help from the AB=CDs
With the help of the two abcs contained within the CD leg of
the Shark, the PRZ was narrowed considerably and eliminated
the .786 (Cypher) and .886 (Shark) areas from consideration.
The dual abcs put us near/at the 1.13 area, and our turn
came here. We now need to eclipse the upper "b" and 50%
to see this small rally to continue (assuming of course we
reach this area).
If my assessment of dual abcs is correct, this points to the CD leg
of the Shark as being "corrective", and thus should support a potential
move back up to near/retest prior high. We'll see as the day(s) unfold.
Comments always welcome.
the Shark, the PRZ was narrowed considerably and eliminated
the .786 (Cypher) and .886 (Shark) areas from consideration.
The dual abcs put us near/at the 1.13 area, and our turn
came here. We now need to eclipse the upper "b" and 50%
to see this small rally to continue (assuming of course we
reach this area).
If my assessment of dual abcs is correct, this points to the CD leg
of the Shark as being "corrective", and thus should support a potential
move back up to near/retest prior high. We'll see as the day(s) unfold.
Comments always welcome.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.