-4 Day H&S continuation -A somewhat drooping abbreviation to the right shoulder -Measured move up to 8776.3
20 basis points of risk Pattern still not in my sweet spot to bracket my orders but will have a resting order in the market Likely order levels included Position management strategy for half, trend follow for the other
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I feel like this is going to be tricky to bracket my orders around. At any ratem this range isn't going to last much longer.
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Order update
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Order update and bed
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Pattern has redefined, not so keen on sym triangles but will take a swing if; -Break and close above 8300 on a H6 basis -A H6 low prior to breakout to place a stop to that a satisfactory R/R is achieved -New pattern measured move up to 8934
A pattern is not a pattern until completed, pre positioning is not a common strategy of mine
You're very very brave fighting an exceptionally determined DT on the weekly
Good luck
TomKirk
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@nfury8, I am quite bullish on crypto as a whole at the moment. I think cyrpto carves patterns better on the daily than it does on the weekly and I am bullish up to 10,000 for the meantime. A fall below 6850 would nullify my bias
TomKirk
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@nfury8, Good call on XRO as well, case in point why I refrain from pre positioning
Good luck