GM guys
Just a general refresher.When price gets rejected from 61-100 pivots often continuation down is not straight line.Its seldom that price gets rejected then bounces higher from swing high 61-100 but more common it travels away from 61-100 towards WP weekly equilibrium then if the move is stronger it drops 38 then finally opposite side 61-100.
Example NU hit 61R got rejected dropped now making typical AB=CD formation.Stay calm know that its typical way price corrections move.
We are at C on NU
Just a general refresher.When price gets rejected from 61-100 pivots often continuation down is not straight line.Its seldom that price gets rejected then bounces higher from swing high 61-100 but more common it travels away from 61-100 towards WP weekly equilibrium then if the move is stronger it drops 38 then finally opposite side 61-100.
Example NU hit 61R got rejected dropped now making typical AB=CD formation.Stay calm know that its typical way price corrections move.
We are at C on NU
In trading, you have to be defensive and aggressive at the same time
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