Lets keep it simple:
We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic
We had a small H&S pointing to T1: Hit
Whats next?
Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S
Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.
Most likely liquidity below $5.30 will be swept before making any significant upmove
Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40)
Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls
Hold my beer pls
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No financial advice, do your own research, don't be stupid
We've got a complete cycle hitting 4.236 fib + fake high missing local 1.13 fib + markets in panic
We had a small H&S pointing to T1: Hit
Whats next?
Expecting a bounce after hitting 0.5 fib @ 7.69 possibly forming a bigger H&S
Hitting 0.5 again after the bounce will trigger the bigger H&S and will quickly lead to 0.618-0.886 ($7.12-$5.86) levels to be tested.
Most likely liquidity below $5.30 will be swept before making any significant upmove
Fall below 1.886 ($4.50) will lead to tests of 1.272 ($4.04) or 1.618 ($2.40)
Only a sustainable (!) breakout above the recent high will turn the situation in favor for the bulls
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Trading ditutup: target tercapai
here we are on 2.618. bulls would have to hold 1.886 to avoid getting slaughteredCatatan
once 1.886 was triggered, sell off continued hard. done here
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.