Here I show the larger 'Broadening Bottom' Plot. As we have moved deeper along the Lower-Line of the smaller 'Broadening' Pattern I showed prior.
Hope for us bulls here is a cessation of declines at the 62/Fib level. Especially as we also have adequate touches of the Upper & Lower Bands of the Pattern. We also have the jump from the Down/Trend Channel (With Measured Move Targets from that Channel shown in Green).
Following its recovery we see for the first time a Back/Test of that 2-Day 150/MA & Channel Break/Out level, with a Bull 'Wedge' formed in the process. Yet we need to see a reversal pronto, as losing that 150/MA would be a gut-punch.
Targets for the 'Broadening' Plot are in yellow...
Hope for us bulls here is a cessation of declines at the 62/Fib level. Especially as we also have adequate touches of the Upper & Lower Bands of the Pattern. We also have the jump from the Down/Trend Channel (With Measured Move Targets from that Channel shown in Green).
Following its recovery we see for the first time a Back/Test of that 2-Day 150/MA & Channel Break/Out level, with a Bull 'Wedge' formed in the process. Yet we need to see a reversal pronto, as losing that 150/MA would be a gut-punch.
Targets for the 'Broadening' Plot are in yellow...