Price action and chart pattern trading
> A possible downtrend continuation for C-leg with the current bearish PENNANT pattern
> The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern
> An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price.
> Close short position once a divergence signal presented.
Always trade with affordable risk and respect your stoploss!
> A possible downtrend continuation for C-leg with the current bearish PENNANT pattern
> The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern
> An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price.
> Close short position once a divergence signal presented.
Always trade with affordable risk and respect your stoploss!
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.
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.