On the daily TF,
the price is moving up inside a bullish channel and simultaneously a Gartley
harmonic pattern is on-sight. Till July 7th its time will be
fulfilled and if the supply pressure existed, we are expecting a drop if the
supply pressure existed in the market.
It is not easy to forecast based on only chart patterns . It really works if you know the logic behind the forecast
ReplyDeleteCheck out what works !
po.st/i0U9Tm
What you are thinking may be tracking the big boy's footprint on the market which could be obtained and analyzed from COT weekly report. Because major movements within the market is caused by trendy behavior and opening/closing out their positions these guys or institutions or huge corporations which gives a meaning to the market. One side as buyers going long and the other side as sellers going short.
DeleteIf chart patterns take place within higher time frames and they are based on the 3 principle rules: price, pattern and time, the percentage of success of a pattern will be increasing.