I am watching I wait to see what will the price @ 1.34-1.40 I use the ABCD Price Pattern
March 7th is the current Price pattern to date I use to see if the price moving up or down. See the W-formation is 90% completed if the price close above 1.34-1.40 need follow through because MACD has not crossed over and the Right leg of the W-formation should be lower than the Left leg. I like to see the Right leg lower.
Once the W-formation is completed I see the Parabolic Sara indicator (Sar= Stop and Reversed) to Buyers once the next higher price close.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.