So guys its been a while since this pattern showed up on the radar...
Still bullish bias
Clusters at ab=cd and the 23.6% retracement, indicates that the buyers should be stepping in to the market around these levels, especially when you see how price reacted.
Besides that, its not a bad idea to go in the direction of a harmonic pattern after a pullback to 38.2%...
You should know that harmonic patterns is but Elliot corrective waves. This then leads to the opportunity of getting in at motive wave 2.
Still I would not recommend that you blindly place your entries around these levels, since Elliot waves are very complex and most of the times you are not looking at a fresh wave count.
Dont forget to like the chart if you enjoy the analysis and make sure you comment your thoughts below!
God bless and happy trading
Still bullish bias
Clusters at ab=cd and the 23.6% retracement, indicates that the buyers should be stepping in to the market around these levels, especially when you see how price reacted.
Besides that, its not a bad idea to go in the direction of a harmonic pattern after a pullback to 38.2%...
You should know that harmonic patterns is but Elliot corrective waves. This then leads to the opportunity of getting in at motive wave 2.
Still I would not recommend that you blindly place your entries around these levels, since Elliot waves are very complex and most of the times you are not looking at a fresh wave count.
Dont forget to like the chart if you enjoy the analysis and make sure you comment your thoughts below!
God bless and happy trading
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