Reasons not to enter:
- We haven't had a close daily close within the channel.
- Price is above 20EMA showing bullish momentum to top of BB.
- There's still a lot of bullish momentum.
There is a possibility to break out and continue higher to form another harmonic pattern at the last high, from which we could have a pull back to retest the broken TL and continue back up....OR a pullback all the way into the channel retesting the broken smaller wedge then continue within the bigger channel downwards.
Let me hear your thoughts. Check comments for more on this.
- We haven't had a close daily close within the channel.
- Price is above 20EMA showing bullish momentum to top of BB.
- There's still a lot of bullish momentum.
There is a possibility to break out and continue higher to form another harmonic pattern at the last high, from which we could have a pull back to retest the broken TL and continue back up....OR a pullback all the way into the channel retesting the broken smaller wedge then continue within the bigger channel downwards.
Let me hear your thoughts. Check comments for more on this.
注释
Possibility 1注释
Scenario 2注释
注释
Forgot to mention, this is for XXX/USD pairs.
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