ON BRR! $DOGE
I am a student and this is just a practice. Waiting for confirmation of the market if what I have learned (Technical Analysis) so far is applied correctly.
I am a student and this is just a practice. Waiting for confirmation of the market if what I have learned (Technical Analysis) so far is applied correctly.
Trade active:
2 SCENARIOS
As we get closer to the last leg
of our Range Box, The market can do 2 Things:
1) Is to Break the Resistance of the
Previous High and proceed to
the 1.168 Fib level before it reverses.
This will become a 12345 Impulse Wave Pattern.
2) Does not break the resistance level
and fall back down to the support area
before it goes back up with an ABC PATTERN.
This is an ABC PATTERN in which
the B wave will create a BULL TRAP.
Shifting and Closely Monitoring the Market at a lower time frame of 4HRS.
As we get closer to the last leg
of our Range Box, The market can do 2 Things:
1) Is to Break the Resistance of the
Previous High and proceed to
the 1.168 Fib level before it reverses.
This will become a 12345 Impulse Wave Pattern.
2) Does not break the resistance level
and fall back down to the support area
before it goes back up with an ABC PATTERN.
This is an ABC PATTERN in which
the B wave will create a BULL TRAP.
Shifting and Closely Monitoring the Market at a lower time frame of 4HRS.
Trade active:
Trade active:
DAILY - UPDATE ANALYSIS
1) CandlestickOpened above the previous high
then moved back to its closing.
Went further down but did not reach a key resistance/support level
(alert signal orange dashed line)
2) Market Still holding on to Parallel Channel.
3) Still Holding the 12345/ABC Pattern.
4) S&R Retest (Ongoing)
5) Is it too early to rule out the ABC Pattern since no minor correction has been made?
As of this moment (countdown timer @ 17 hours to go.)
If my measured move range box (light brown) holds correct,
I will still hold my position until my major 1.168 Fib level for the above reasons.
I will partially sell if signs of trend reversal hit my alert line. So far I am confident it will still push up.
1) CandlestickOpened above the previous high
then moved back to its closing.
Went further down but did not reach a key resistance/support level
(alert signal orange dashed line)
2) Market Still holding on to Parallel Channel.
3) Still Holding the 12345/ABC Pattern.
4) S&R Retest (Ongoing)
5) Is it too early to rule out the ABC Pattern since no minor correction has been made?
As of this moment (countdown timer @ 17 hours to go.)
If my measured move range box (light brown) holds correct,
I will still hold my position until my major 1.168 Fib level for the above reasons.
I will partially sell if signs of trend reversal hit my alert line. So far I am confident it will still push up.
Trade active:
OOPS!, DAILY CHART!
BRR! $DOGE
5.2.21 1553H +8 PACIFIC
I MAY HAVE MADE MY FIRST RANGE BOX
POSITION WRONG, AND HAVE ADJUSTED IT.
HAVE ADJUSTED EVERYTHING ELSE
AND WILL USE THIS UPDATED VERSION.
ANALYSIS SLIGHTLY CHANGED, STILL SAME
UPWARD BIAS AS OF THE MOMENT.
BRR! $DOGE
5.2.21 1553H +8 PACIFIC
I MAY HAVE MADE MY FIRST RANGE BOX
POSITION WRONG, AND HAVE ADJUSTED IT.
HAVE ADJUSTED EVERYTHING ELSE
AND WILL USE THIS UPDATED VERSION.
ANALYSIS SLIGHTLY CHANGED, STILL SAME
UPWARD BIAS AS OF THE MOMENT.
Trade active:
I HAVE RE-CHARTED since the comment was made, I had to go back to my notes and redo everything on impulse and corrections
THE DOG STILL WANTS TO GO UP