Technical analysis EURCAD time 2 hours: 2023-01-21Deltafx Admin 23 January 2023
Currently, with the static failure of the resistance of the bottom of the pattern area, we can consider 3 patterns in the form of gartly-max gartly-bat. to achieve the third goal.
The red lines in the 4-hour fractal time are formed by the change in the slope of the uptrend. The fan line with lower slope, where we are now, can support the trend in the general direction of its upward movement – but if the X area of the pattern is broken, the conditions should be reviewed. It may be in the form of a new slope, accompanied by a correction in the form of a reduction.