DislikedDespite the pin bar, I would say both have about the same chances to occur first, depending on sunday open PA.
Attachment
I favor a correction to the 23.6 level though, given the rise has been practically non-stop from the successive breaks. The strong rejection at both the resistance level (former support in February, broken and retested as resistance in March) and very close to the monthly/weekly upper DTL, would allow some room for that retracement.
Unless it is a "fake" pin bar and bulls come back in force to break that...Ignored
Doblece, for your 2nd chart, your Blue parallelogram shape looks interesting.
How do you come up with this shape with the 2 blue vertical lines or technique and why?
How does it help you?
Is it a projection of the Flag pole of the long up bar below 1.05484 ?
If it is a Flag pole projection, normally it is a projection upwards to maybe get the 1st blue vertical line.
Why draw the 2nd blue vertical line and the two blue-dashed lines?
I would be interested if price reach the region around 1.0450 near the 38.2% you pointed out, as it looks like a nice Demand Zone there.