Not really a serious trading idea...
Fridays rise (correction?) similar to the rise/correction after the drop from 664X to 636X back in late January, approaching the same trendline now, will a similar fall in price occur?
The structures are similar, the fall and correction, followed by a huge fall in February. Copying that fall in February (using Bars Pattern tool) to now equates to 1.618 of B wave, coincidence maybe.
Fridays rise (correction?) similar to the rise/correction after the drop from 664X to 636X back in late January, approaching the same trendline now, will a similar fall in price occur?
The structures are similar, the fall and correction, followed by a huge fall in February. Copying that fall in February (using Bars Pattern tool) to now equates to 1.618 of B wave, coincidence maybe.
Comment:
This idea actually working out :/