In this post i wanna share one of my method in analyzing price movement.
sample 1 :
we have symetrical channel up. After channel up resistance broke up, that resistance line will become support in next wave. Price action will try to break it as correction pattern.
sample 2 :
Again, we have same pattern here, symetrical channel resistance broke up with bullish flag pattern.
1. Bullish flag projection at 6798.98, This projection will reach after 1 candle full break up B line as bullish confirmation, If B cannot break, BTCUSD will down for correction back to A.
2. After B break up, we gonna see correction pattern as sample A, resistance line become support
3. If BTCUSD still follow the cyclic, next correction at 5790, 6481 and 7140.
sample 1 :
we have symetrical channel up. After channel up resistance broke up, that resistance line will become support in next wave. Price action will try to break it as correction pattern.
sample 2 :
Again, we have same pattern here, symetrical channel resistance broke up with bullish flag pattern.
1. Bullish flag projection at 6798.98, This projection will reach after 1 candle full break up B line as bullish confirmation, If B cannot break, BTCUSD will down for correction back to A.
2. After B break up, we gonna see correction pattern as sample A, resistance line become support
3. If BTCUSD still follow the cyclic, next correction at 5790, 6481 and 7140.
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