12:55
How often has this pattern appeared on ‘gap’ trading….
Double R22 range up move, reversal back down into another R22 low and swing back upwards into another R22 top until it completes the R44 move upwards…..
Until it moves into an R44 spiral-top I favour trading longs, but I understand that the overall trend is bearish, but currently supported around higher timeframe 50% levels. I won't be trading shorts today because it hasn't completed the Spiral top,
re-entry 6379 partial exit will be @ 6396 R22 (stops below todays lows) and holding for R44
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