Description
⋅ We are seeing very similar price action to August 9th-13th:
Falling Wedge broke to the Upside ( Check )
Tower Bottom Reversal Patter ( Check )
Long Wicked Doji Candles ( Check )
Perfect Bounce off the 4H bear block / Green Line / ( Check )
From the wedge bottom from August 9th-13th, there was a 1.51% difference in the bottom there, and the new higher low ( $5880 )
From the wedge bottom from September 9th-10th if we were to see a 1.51% price drop from there, I'm eyeing the low $6000 area for a long entry.
See my other post for long entry options: