This is one of my very first ideas that I have shared that I felt has been deeply analyzed and calculated. This Pattern will go long, but I expect it to go short after the pattern has completed. Why? to retrace and hit fibonacci levels such as the 0.5 and 0.382. For those are common levels that the market loves to hit before continuing its destination.
You can easily still trade within this pattern on lower timeframes, just use this as a guide to look at the overall viewpoint of a long trend.
You can easily still trade within this pattern on lower timeframes, just use this as a guide to look at the overall viewpoint of a long trend.
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Still active after a whole month! lets see what happens next!