key determinant in view of volatile markets, page-4

Hi friends,

Updated comments as per chart below. Hope it is of some use.

Please note :

Price oubtreak of ascending triangle to downside today. This outbreak is valid as it has cleared the 3% passing test. However, because the ascending triangle pattern normally resolves to the upside, it can still be a false outbreak if it can quickly rebound back to within the ascending triangle tomorrow. If it doesn't, expect price to correct to 4th wave supports before a rebound to higher.

Remember, we trade what we see and not what we expect. So short term swing traders are expected to react accordingly.




dascore