Very Short Term Correction has completed.
In process of back testing support. (Another mid-term healthy correction)
Back test support target might be as following:
(1). 10 days moving average. (60 bars moving average of 4 hours chart)
(2). 15 days moving average. (90 bars moving average of 4 hours chart)
(3). 20 days moving average. (120 bars moving average of 4 hours chart)
Even the worst case back testing the neckline, ie, the 50 days moving average.(300 bar moving average of 4 hours chart)
While back testing, and if it gets support, then it might form the Pattern.
An illustrate of Pattern (published on 5th Jan, 2019.)
Let’s observe if the correction has been completed or not. (Published on , Jan, 2019.)
How fast it is.
It hit my target, already.
bull coming back. (Published on 7th, Jan, 2019.)
Two pattern:
(1). Rise up to sell
(2). Push down to buy
(Published on 7th, Jan, 2019)
Published at Tue, 08 Jan 2019 00:18:36 +0000
