Getting interesting. The tight range starting to expand. Based on AB and BC range height on M5, the measured move target for the current bear breakout is around 1.1216, looking to reverse to long there. If it goes there in a steady grind, this will look like some harmonic pattern, too, plus a trend channel line overshoot. If bulls come in there, it could be a nice reversal up.
Some bull action at Channel Median Line. But third push by bears broke the ABC range, measured move is in order unless price settles above MA.
Some bull action at Channel Median Line. But third push by bears broke the ABC range, measured move is in order unless price settles above MA.
"To the busy day / To the idle play"