The 'potential' key reversal day pattern has been confirmed as of yesterday's close, We had an outside candle and the candle closed less than 40% of its range measured from the low, as discussed yesterday this has very bearish implications, Another thing I'd like to note is the reverse 1-2-3 candle pattern visible on the chart above (a reverse 1-2-3 is when the range of the 4th candle (setup candle) engulfs the previous 3 candles.) a trade should be triggered at a close bellow the high/low of the setup candle, personally I would pass on the trade if it signals a long due to the elliott wave count, accelerating momentum and the bearish key reversal day witnessed yesterday.
Regards,
Ahmed Farghaly
تصدر بعد ساعه و نصف من الان بيانات التوظيف و البطاله من استراليا,, في حال كانت النتيجه مخيبه للامال سوف يبدء هبوط الاسترالي ،،، ويوم الجمعه البيانات الاهم و هي بيانات التمو من الصين و سوف تؤثر بقوه علي العمله الاستراليه
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