BTDR had a huge bearish engulfing candle Friday. I keep my positions smaller on these assets.Price is still in a wave 3 breakout towards the $25 High Volume Node target. It appears wave (1) of 3 is complete with a wave (2) target of the daily pivot and 0.5 Fibonacci or golden pocket zone nearby. That would also test the untested wave 1 high as support a highly likely event.
RSI has reset to the EQ where it often finds support in a strong uptrend.
Safe trading
PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
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Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
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PhD Cand: Investing, Sentiment & Social Mood, MSc Financial Econ
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Technical Analyst 8 years, Trader/Investor 15 years
Market Breakdown & Alpha Reports: detrended.substack.com
Earn & Learn Trade Planning & Signals (FREE WEEK): tradesignals.substack.com
Related publications
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.