Exchange market
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Currently at exchange market resistance in higher time frame with support quite far. The Dec qua. B Long. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding.
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Sometimes the price may even hover near the neckline before making the real move. The head and shoulders pattern signals a weakening momentum where price cannot sustain a further push to the upside breaking the previous high or low and just drops through the neckline. Once the exchange market breaks the neckline it can either continue in the new direction exchange market come ig forex for a retest of the neckline before continuing again.
Triangles are continuation patterns. Triangles signal a consolidation due to indecision or lack of fundamental drivers in the market. A symmetrical triangle can be broken on either side and it can help showing where the price wants to go. A descending triangle generally breaks to the downside as the price keeps pushing against the support exchange market then breaches it.
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