It this scenario there is a well established pattern (SO FAR) that you can easily see on the chart.
elliot wave 1,2 wave clearly seen 3,4 wave showing what can so far be a nice abcde triangle wave 5 wave could be incoming. 1,2,3,4,5 impulse forming potential 5th wave.
td sequential C and E of wave 4 both hit TD9's on the 1hr
moving average show bearish cross of ma50 over ma100
Trade closed: target reached
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Target of this trade was reached. 8900 stopped closed. Yes, I did hold my short this entire time. You can do that when you are using low leverage.
There is a build up of indicators which generally signal a continuation of the trend direction.
Since we are looking at the 1hr it would be lesser strength signals for bigger moves but still
just as important to smaller moves.
I was anticipating a breakdown of that smaller triangle, which has happened, so the potential
for the rest of this move to continue is there, just not guaranteed.
I am playing it as a 5th wave. I would put stops in place to flip if you are gambling with your
HODL to make sure you don't miss out on any upside.
This is not financial advise.
Unbrella
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@a_Sloth_named_Fibognocchi, Yeah for sure, I see your thinking. Nice nice.. Agree! Not financial advice. Cheers
here is my overall perspective