------------------------------------------------------------------------------------------------ SELL MCX LEAD BETWEEN 126.50 - 127.50 STOP LOSS 130.20 TARGET 117.60 - 112.80 - 108.40 PURE POSITIONAL SELL CALL AGAIN SAY -- FIRST THINK ABOUT LOSS IF YOU TRADE WITH MY LEVEL AND THEN ENTER... ------------------------------------------------------------------------------------------------ The bearish ABCD Pattern Rules
Point A is a significant low, and point B is a significant high. In
the move from A to B there can be no lows below point A, and no highs
above point B Point C must be above point A. In the move from B to C there can be no highs above point B, and no lows below point C Ideally, point C will be 61.8% or 78.6% of AB. (“Classic” ABCD pattern) In strongly trending markets, BC may only be 38.2% or 50% of AB Point D must be above point B. In the move from C to D there can be no lows below point C, and no highs above point D. CD may equal AB. (AB=CD pattern) CD may be 127.2% or 161.8% of BC (“Classic” ABCD pattern) CD may be 127.2% or 161.8% of AB (ABCD Extension pattern) There may be additional confirmation when the time of CD is in ratio and proportion to AB CD may be equal to AB in time, or between 61.8%-161.8% of the amount of time it took the AB leg to complete Watch for price gaps and/or wide-ranging bars in the CD leg, especially as market approaches point D
These may be signs of a potential strongly trending market. In
this case, expect to see 127.2% or 161.8% price extensions of AB in
determining CD completion
JUST SEE THIS MCX LEAD CHART AND THINK WHY ME POST POSITIONAL SELL CALL IN MCX LEAD ......
