So as you can see here on the chart, we have what looks to be a giant mess. Now first, the long "red" rectangle is a major structure zone that has been previous resistance.
Next we have two different advanced patterns (CG and Butterfly) that are completing in that zone, along with a potential AB=CD (Blue trend lines).
Finally we have a simple "triangle pattern setting up. Now if the triangle breaks out to the upside, then the rest of this will be invalid. But if it does breakdown, we will have a ton of different opportunities to look at getting long.
If you would like to watch the video of this, you can check it out on my youtube page here: youtu.be/TnOW3UOw154
As always follow your plan.
Good luck and good trading.
Next we have two different advanced patterns (CG and Butterfly) that are completing in that zone, along with a potential AB=CD (Blue trend lines).
Finally we have a simple "triangle pattern setting up. Now if the triangle breaks out to the upside, then the rest of this will be invalid. But if it does breakdown, we will have a ton of different opportunities to look at getting long.
If you would like to watch the video of this, you can check it out on my youtube page here: youtu.be/TnOW3UOw154
As always follow your plan.
Good luck and good trading.