Observations are similar to BTC.
1) High RSI, due for a restracement
2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation)
3) Next resistance is as per November 2018 resistance, our target
4) Fib. observations all line up
5) Elliont wave in play, seeing wave 4 path
Please like and any comments welcomed.
1) High RSI, due for a restracement
2) Gantley formation in play with 2 hrly (needing C to be confirmed as bearish formation)
3) Next resistance is as per November 2018 resistance, our target
4) Fib. observations all line up
5) Elliont wave in play, seeing wave 4 path
Please like and any comments welcomed.
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More detail
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As stated, if C is not confirmed as Gantley formation, then the current formation might continue in the rising wedge (in blue), indicating a drop is coming.
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C has been invalidated and I have now changed my position, it has now become a bullish flag.
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As I watch things in play, I'm trying to get the right patterns. Finally I see a restracement happening and my final conclusion is a pullback at this stage and target is wave 4.
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After further review, I have narrowed it down to $160's range as the optimum buy in.
Trade closed: target reached:
successful forecast
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.