First, this is only a fantasy, it will probably not happen but I just draw the things I want to see if I am going to be exposed to a position. At the moment, we have nothing but a downfall. Unless the downside momentum slows down, this scenario will not be valid and we will be back at much lower prices.
In case a price action like this happens, watch you momentum indicators, RSI MACD STOCH KAIRI whatever you are into, and check for divergences and check for the reversal patterns. Reversals love divergence!!
If this price action does happen though, count me in :)
Peace..
In case a price action like this happens, watch you momentum indicators, RSI MACD STOCH KAIRI whatever you are into, and check for divergences and check for the reversal patterns. Reversals love divergence!!
If this price action does happen though, count me in :)
Peace..
Comment:
this will be invalidated hard but it was only a fantasy anyway:) watching for fun
Comment:
If I rotate the bar patterns 10 degrees to the left, I think it seems valid :)
Comment:
this one can go as low as $1.30. Look for a divergence in a downtrend accumulation for any buy signal