W formation or the reverse head-shoulder formation is not yet complete in the major long term trend. Yet it is still undergoing correction process as the MAC and Stochastic in the monthly time frame both showing strong bearish trend. For the time being the correction is still underway and no sign of continuation on the bullish uptrend.
forex strategy | forex forecast | forex signal | forex signals | forex scalping | BCOUSD | Gold | XAUUSD | Brent Crude Oil | technical analysis | historical data
Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
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