ETGH hit the long term swing target posted in January a while ago.
Since that time we've had the big 76 retest. Slight spike out of it and we currently hold the second test. In the instances where the 7 will hold, we'll not go back under it. This offers a good RR long op.
We may have actually made a break of the 76 in the first run down, but even in these instances we sometimes can see the market trade from there to the 76 of the drop - this is what is used to select the target. I'll review decisions there if we get there.
ETH maybe a little lower first. Limit orders are in for 1594.
Since that time we've had the big 76 retest. Slight spike out of it and we currently hold the second test. In the instances where the 7 will hold, we'll not go back under it. This offers a good RR long op.
We may have actually made a break of the 76 in the first run down, but even in these instances we sometimes can see the market trade from there to the 76 of the drop - this is what is used to select the target. I'll review decisions there if we get there.
ETH maybe a little lower first. Limit orders are in for 1594.
Trade active:
Filled
Order cancelled:
Profits locked in on this. I think crypto may head lower.
Comment:
ETH now selling off the bull target level.
Comment:
So here's a good example of using big 76s.
Here the buy was generated when the 76s held for the bull side.
The target was generated targeting the bear's 76s.
Here the buy was generated when the 76s held for the bull side.
The target was generated targeting the bear's 76s.
Comment:
And then the sell was generated on the 76 retracement.
Comment:
Read link below for strat info.