Hi all,
I noticed over the weekend that the Oct advance had retraced exactly 62% of the Aug/Sept decline. This gives an ambivalent signal, since it implies that we could be in for additional lows in a 3rd wave down. At first I thought this was only a remote possibility but observing PA today, there is also a potential H&S building in H1. The PA since Friday's low appears to be forming a right shoulder with neckline around 1305 and pattern target ~1,250
No confirmation of this yet, but worth noting on the chart.
I noticed over the weekend that the Oct advance had retraced exactly 62% of the Aug/Sept decline. This gives an ambivalent signal, since it implies that we could be in for additional lows in a 3rd wave down. At first I thought this was only a remote possibility but observing PA today, there is also a potential H&S building in H1. The PA since Friday's low appears to be forming a right shoulder with neckline around 1305 and pattern target ~1,250
No confirmation of this yet, but worth noting on the chart.
cryptocurrency everytime