Short term fall
Updated
Here we have a big structure reversal pattern which consists of other smaller patterns.
1. Over Under Pattern (QML)
2. MPL- a small hidden QML
3. Wedge- a continuation pattern which price broke through
The rest are support and resistance levels
1. Over Under Pattern (QML)
2. MPL- a small hidden QML
3. Wedge- a continuation pattern which price broke through
The rest are support and resistance levels
Trade closed: stop reached
The 8800 level has been breached and the trade closed. What might happen is the 8800 level might become a good support level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.