Bend The Rules To See An Ending Diagonal ???
But First ~~~~~
Catch an aggressive short @ 92.29 to the bottom.
(I'm an hour late publishing this short)
THEN, if price action lands in the 91.00/90.50 area will
be looking for the candlesticks to trigger a long entry.
Bending the rules needed for this pattern because waves
1 and 2 do not lend themselves to the subdivision of 3 waves
within each internally that an
ending diagonal requires. However, the wedge formation
is very enticing so hopefully the candlesticks will help to
refine the entry and stops in the area of ED overthrow
of the lower trend line.
Reward is in the 4 or 5 dollar range, if this is an ED,
they usually retrace back to the starting point.
Catch an aggressive short @ 92.29 to the bottom.
(I'm an hour late publishing this short)
THEN, if price action lands in the 91.00/90.50 area will
be looking for the candlesticks to trigger a long entry.
Bending the rules needed for this pattern because waves
1 and 2 do not lend themselves to the subdivision of 3 waves
within each internally that an
ending diagonal requires. However, the wedge formation
is very enticing so hopefully the candlesticks will help to
refine the entry and stops in the area of ED overthrow
of the lower trend line.
Reward is in the 4 or 5 dollar range, if this is an ED,
they usually retrace back to the starting point.