Resistance then fail
Updated
Man oh man what a past couple of days of life..
The bottom trend line for the channel has now become the resistance.
Still trading within the purple resistance/support zone.. I don't expect it to veer too much out of this maybe finding strong support around 1.35-1.38
Looks like we are in a descending triangle and with what Elliot is saying it seems like this will have some further downside.
Let's see if I'm wrong.
That's all folks
The bottom trend line for the channel has now become the resistance.
Still trading within the purple resistance/support zone.. I don't expect it to veer too much out of this maybe finding strong support around 1.35-1.38
Looks like we are in a descending triangle and with what Elliot is saying it seems like this will have some further downside.
Let's see if I'm wrong.
That's all folks
Note
I was wrong gratefully lol Looks like a flag has forming and upside continuation will proceed
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.