IOTA has been in a well defined frame fulfilling an "ABCDE" structure... well, not totally because "E" is still missing.
That is why our plan A is going to meet the "E" appointment in the $ 3 area.
If IOTA decided to try to break that "frame" it would come up against a strong resistance so we should be careful.
For the time being I will wait to see how it respects the descending angles and when reach "E" I will evaluate the strength of a possible upward movement.
(Obviously if he goes crazy and decides to attack the resistances and breaks them we will have to make a new plan.)
I wish everyone the best!!!
That is why our plan A is going to meet the "E" appointment in the $ 3 area.
If IOTA decided to try to break that "frame" it would come up against a strong resistance so we should be careful.
For the time being I will wait to see how it respects the descending angles and when reach "E" I will evaluate the strength of a possible upward movement.
(Obviously if he goes crazy and decides to attack the resistances and breaks them we will have to make a new plan.)
I wish everyone the best!!!
Comment:
Can we believe IOTA ?? ....
I do not think so .. let's give it more time
I do not think so .. let's give it more time
Comment:
Finally getting to the "E" level... let's see how he behave with the support
Trade closed: target reached
I'll wait to see how it develops however I made a mistake because I broke my own rules by tracing the descending angle before confirming the movement.
***Confirmation comes at the crossing of Gann's 2x1 angle (red)***
So restructuring the original plan I will forget about the descending angle and wait for the confirmation.
// It is very important to respect the rules of our trading strategy //