Yesterday I put up an idea about an Inverse Exotic Dragon Pattern on the 30 minute time frame chart. When I posted that chart another regular dragon pattern appeared to have formed.
This idea will point that out along with its typical target area and it being reached within the ellipse.
Note that at the end of the tai, on a smaller time frame, another tiny inverse dragon pattern appeared to have formed and surpassed its typical target AND THAT'S confirming what I had mentioned yesterday about targets potentially surpassing typical target areas.
I drew a virtical dotted line to show where the tiny inverse dragon pattern occurred. Notice that it went beyond its typical target area of which could occur with the bigger inverse Dragon pattern. Awaiting the potential daily bearish harami confirmation, unless it were to turn into something else that I have in mind but will let price play out before mentioning that posibility.
In my humble opinion.
All the best!
Trade active:
There's always an alternate count. One must be prepared to other possibilities and not remain blindsided.
The alternate is a potential symmetrical triangle that's equivalent to watching paint dry. Pull up an hourly candlestick chart. Notice that where wave E would appear to have ended, a bullish harami is currently in the making.
Therefore I'm keeping that in mind.
In my humble opinion
The alternate is a potential symmetrical triangle that's equivalent to watching paint dry. Pull up an hourly candlestick chart. Notice that where wave E would appear to have ended, a bullish harami is currently in the making.
Therefore I'm keeping that in mind.
In my humble opinion
Trade active:
Indeed the alternate played out and got extended into the weekend. Then broke out into what I consider to be a potential top due to triangles typically occurring in a position prior to the final move.
In my humble opinion............
In my humble opinion............