In the last idea we saw with you a lot of signals for correction. Also considered the shape of the expanding triangle, but for some reason purpose it fulfilled was not, but only left a pathetic snot. Those who put the stop to breakeven remained unscathed. As is often the case, a failed pattern can grow into a larger figure. And we see on the chart there was a fairly rare model diamond. Also considered a reversal model. Since then, we have drawn a correction three, so the way down we think is open
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It's also a correction triple
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I offered you a short, but in some cases, the diamond breaks up, in which case it is reasonable to enter long. There we will meet with the area of interests of sellers, where we should be fixed in this case!
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SHORT
Сделка активна
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Breakout
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support from the 8800 does not pass, the strong level
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those who didn't trade can also trade this pennant or possible flag
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broken
Сделка закрыта: достигнута тейк-профит цена
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Use the strategy of step-by-step profit taking, the rest of the break even. We can assume that TP 1 is done
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1 target gave 3% profit. And 2 target can give us another 3% profit
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I Think, this is a Flag
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the Flag is broken
Сделка закрыта: достигнута тейк-профит цена
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Good night friends, the minimum target for correction is made, those who recorded there, received 4% profit. The breakthrough of the downward channel will tell us that the correction is over. I do not exclude that the price may fall a little more, in the area of about 8400, you see it for purchase in long
Great quality idea, hope to see more from you in the future
TimurKuspanov
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@mzapasnik, thanks for the feedback, I try for you.
mzapasnik
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@TimurKuspanov, Just one more question how C is calculated? Or is it base on support levels?
TimurKuspanov
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@mzapasnik, actually, I calculated it roughly at a target that needs to be done this diamond, but do not rule out that the bears dodavit it to interest buyers. This area is interesting for day traders, in my opinion, that if there is bullish divergence at this level, it will be possible to trade rebound, getting another 2-3%. For those who have in stock is the countertrend strategy, this as honey butter