After keeping watch of a very complex correction, looking at it from the the 4 hour chart, we were about finishing a Zig Zag 3-3-5 structure.
That triangle pattern is just at the tail end completing a H4 Zig Zag, will be expecting more downside from here.
Happy Hunting.
That triangle pattern is just at the tail end completing a H4 Zig Zag, will be expecting more downside from here.
Happy Hunting.
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Correction: Flat Correction 3-3-5, not Zig Zag 5-3-5
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Even though this pattern was a great set up, eventually during the market, there has been a switch up during the down trend. H2 and H8 stochastics developed convergence patterns. Those were the patterns I wanted to see for me to go long, but being the market is about to end soon, new pattern set ups for the upside will be looked at.
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After allowing the market to play out, looks like we have bearish divergence on M30 and H2 Charts, so looks like we will look to short until we have any changes