This count ain't nothing new, yet so far the trade was not active. Some key levels have been hit, including the golden pocket.
High probability we range and then puke very soon.
If not, then we have a clear invalidation above 1,618 sitting at 46100$. The R on this trade is exceptional, with the target being 26000.
High probability we range and then puke very soon.
If not, then we have a clear invalidation above 1,618 sitting at 46100$. The R on this trade is exceptional, with the target being 26000.
Note
Seeing lots of inverse HS patterns on twitter :D they will get rekt.Note
In all honesty, this might even go ahead and take out the local highs.Invalidation level still intact.
Let's roll
Trade active
Note
I think we are pretty close to finding a small local bottom here - all the indicators are getting into extreme oversold territory. We might still raid the lows though, so be careful.After this move to the upside with an ideal target of a bit short of 42k, the flush shall continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.