Fxprotrader
Long

Ark: Breakout Ends Correction

BITTREX:ARKBTC   Ark / Bitcoin
413 1 11
Price broke above the corrective structure it was moving into and is now pulling back most likely to test the broken downtrend. Having measured the impulse which broke above the downtrend, using fibonacci we may see that the 0.786 fib retracement stands at a level where price may test the broken level, adding great confluence. A bullish divergence adds also to our bullish context, indicating the end of the downtrend.

Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position.

All the best,
John
Thanks
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out