Caribbean, the Map on Most preferably, the pullback shows up as an orderly, angular retracement that travels almost reluctantly towards the 25ema. Not only was the near vertical correction 1 1 – 1 2 way too aggressive in appearance, it had broken free from an inverse head-andshoulders reversal pattern (below the horizontal line). These conditions clearly failed to comply with a conservative bet on the turn. Hence the skip below bar 1 3
225 Understanding Price Aaion Figure 8.7 Session overview: Halfway the UK morning, bulls had broken away from a box progression ( 1 ) but had suffered a hard time capitalizing on the event.
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Demoralization kicked in when their pattern line was broken below bar 5, which allowed the bears a smooth ride to the 50-level magnet. Caribbean, the Map 2016.