After the steep decline yesterday I was wondering why this pair stopped where it did and I found 3 reasons for it.
- A bullish Gartley pattern
- A bullish Butterfly pattern where D is the 1.618 extension of AB
- A previous gap that can act as support
Furthermore, the Fib extensions for both patterns (1.272 for Gartley and 1.618 for Butterfly align nicely)
- A bullish Gartley pattern
- A bullish Butterfly pattern where D is the 1.618 extension of AB
- A previous gap that can act as support
Furthermore, the Fib extensions for both patterns (1.272 for Gartley and 1.618 for Butterfly align nicely)
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► www.tradingview.com/u/Nico.Muselle/
Twitter: twitter.com/NicoMuselle