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Randall_Smith
Mar 2, 2022 4:57 PM

KEEP Network: EW Bullish Scenario 

Keep Network / U. S. DollarKraken

Description

Keep has been showing strength since Jan it has been moving against the market. I'd look for a possible EW impulse. Need to see a successful bounce at .618 to trigger an entry for wave 5. Take some profit at 1.2 pips trail SL and hope for an extra bump to 1.35. Fall below .618 to invalidate.
Comments
Randall_Smith
Update: Bounced at .72 for a 10% scalp, bounced at .64 for a 6% scalp, needs to turn around at .54 or short term EW fractal becomes invalid.
CryptoKenan
@Randall_Smith , Is wave 5 started now ?
Randall_Smith
@CryptoKenan, no, waiting for a continuation, if wave 4 retraces 100% of wave 3 (.52) then EW becomes invalid. There has been a lot of scalping at key areas .72 and .64, If a reversal occurs it needs to happen between .64 and .54.
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