A completed TOP PATTERN, within the box as shown on the chart, enables us to take a Point & Figure count. This is in order to estimate the extend of the bearish move which is currently underway.
Calculations are self-explanatory and straight forward.
Box size (700 Points) and reversal is 3 Box.
Will the target be met or even exceeded ? This remains to be seen.
I have no open position with BTCUSD.
This analysis is not a financial advice and it is for educational purposes only.
Calculations are self-explanatory and straight forward.
Box size (700 Points) and reversal is 3 Box.
Will the target be met or even exceeded ? This remains to be seen.
I have no open position with BTCUSD.
This analysis is not a financial advice and it is for educational purposes only.