Probing continues for a Trading Range bottom.
Again, the simple A-B-C-D-E = F method is used, this time in a sideways wedge where potential is building. This example now predicts eventual up moves, toward an extended F point. (The pattern also applies to the downside.) Here, E must not fall to the C point:
“Creeks” are created when troughs, or valleys, overlap into peak areas. From above it’s a form of support, and dipping too far means going “underwater.” From below, upside resistance has been met, and we must overcome.
Happy Trades to You!