hi Lolly, hi Sive,
sometimes b&b failed like Sive said and your analyses shows it very clear; your ABC was also my thought but be careful because this ABC pattern is not the harmonic one we wish to see;
I want quote Nial Fuller after the sharp fall from 1,34 to 1,3290:
"However, we need to be careful and only consider trading obvious 4 hour or daily chart buy signals from support, because today’s move lower was aggressive and if this sell-off begins picking up steam we could see a larger move lower."
what I want to say and also to ask, such huge candles lead to further downward actions and decreasing the probability of b&b at any rate?
and the rule of 3 consecutive daily candles as a limit for b&b is not very satisfying because of the huge first candle;
diNapoli says nothing about the size of these three daily candles;
however and whatever, 1,3000 will be interesting level to search buy signals;
greetings from vienna, austria,
Erich
sometimes b&b failed like Sive said and your analyses shows it very clear; your ABC was also my thought but be careful because this ABC pattern is not the harmonic one we wish to see;
I want quote Nial Fuller after the sharp fall from 1,34 to 1,3290:
"However, we need to be careful and only consider trading obvious 4 hour or daily chart buy signals from support, because today’s move lower was aggressive and if this sell-off begins picking up steam we could see a larger move lower."
what I want to say and also to ask, such huge candles lead to further downward actions and decreasing the probability of b&b at any rate?
and the rule of 3 consecutive daily candles as a limit for b&b is not very satisfying because of the huge first candle;
diNapoli says nothing about the size of these three daily candles;
however and whatever, 1,3000 will be interesting level to search buy signals;
greetings from vienna, austria,
Erich
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e/j on the other hand... check out the RRT and channel top on M30 and SMA200=RSST on H1.