Hello my friends,
Key facts in favor:
1. The potential bullish Three Drives Pattern (in purple) inside the bear flag (in pink) suggests a retracement to the 61.8 fib level.
2. Short term trend is upward.
3. The vacuum in the Volume Profile just where the blue upward arrow is pointed aligns with the 61.8 level.
4. Resistance (in red) passes through a congestion area, indicating strong resistance in the 61.8.
Key facts in Disfavor:
1. The medium term trend is bearish.
2. We are inside a bear flag (in pink), which can break down anytime.
Give it a like if you enjoyed. Thanks for reading.
Robertus.
Key facts in favor:
1. The potential bullish Three Drives Pattern (in purple) inside the bear flag (in pink) suggests a retracement to the 61.8 fib level.
2. Short term trend is upward.
3. The vacuum in the Volume Profile just where the blue upward arrow is pointed aligns with the 61.8 level.
4. Resistance (in red) passes through a congestion area, indicating strong resistance in the 61.8.
Key facts in Disfavor:
1. The medium term trend is bearish.
2. We are inside a bear flag (in pink), which can break down anytime.
Give it a like if you enjoyed. Thanks for reading.
Robertus.
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.