Corrective Structure to Bear Continuation
Last Trade day, we were in a corrective Zig Zag structure, looks very Bullish, but stochastics on multiple time charts support going down.
The whole corrective structure in itself respects the 78.6 retracement area, along with a double top reversal pattern on the top.
So while a lot of people were thinking reversal and bull, in reality we were within a correction structure.
For those who understand pattern cycles, after corrections are continuation.
Expecting to possibly see 1.83 and 1.82 levels into next week.
Happy Hunting
The whole corrective structure in itself respects the 78.6 retracement area, along with a double top reversal pattern on the top.
So while a lot of people were thinking reversal and bull, in reality we were within a correction structure.
For those who understand pattern cycles, after corrections are continuation.
Expecting to possibly see 1.83 and 1.82 levels into next week.
Happy Hunting
כתב ויתור
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