hello here we have one of my most favourite patterns as of late i.e. the expanding bottom
Its just something i am working on, still trying to learn this pattern, find it pretty complex
would like any feedbacks on this trade
But as far as the trade goes, we can see that the the price is in a downtrend and also at a 0.50 fib retracement level. so could also be a potential Ab=cd pattern as the 1.27 extension is also a fresh demand from 2009
Also the next probably move could be a 1.618 extension of the previous leg up which aligns right with the ab=cd pattern
Its just something i am working on, still trying to learn this pattern, find it pretty complex
would like any feedbacks on this trade
But as far as the trade goes, we can see that the the price is in a downtrend and also at a 0.50 fib retracement level. so could also be a potential Ab=cd pattern as the 1.27 extension is also a fresh demand from 2009
Also the next probably move could be a 1.618 extension of the previous leg up which aligns right with the ab=cd pattern
