Longing Visa today. VAB=CD pattern at the of this constellation. We have cracked the top side of ABCD triangle on a climbing momentum. Hugging the top 2s.f. line of the Bollinger bands on a slightly trending Bollinger MA. Chaikin does show dropping vol, but I believe this to be part in parcel of general Wave B behaviour. Could be developing an inverted head and shoulder pattern in B wave position, yet that scenario is still bullish, unlikely to cross stop loss.
Fibonacci with Kennedy channeling gives some targets to ponder.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
