Price has broken out of the large correction We now have a new correction on a lower timescale It looks like a simple ABC but could become more complicated. At the moment I see no reason for a BUY trade If the price breaks down out of the current correction it is a SELL for me
Hope this helps Steve
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On a 15 minute chart this could be a barrier triangle - this does not change my ananlysis
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riffster21
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It was a solid idea. Prices are do darn choppy lately.