1-The price decline is less than 45 degres so this is not a bearish trend
2-In terms of the price that has gone down with a lot of compresion I expect it to come back with a quick movement
3-a ascending triangle pattern has been broken above
a fals brakout has occured and it is due to compresion
This is not marketmaker method so I expect the market maker to collect the liquidity of the sell positions
The end of an Elliott pattern has to be faster than ite was buiilt
I don't see a quick move
SO (LONG)
2-In terms of the price that has gone down with a lot of compresion I expect it to come back with a quick movement
3-a ascending triangle pattern has been broken above
a fals brakout has occured and it is due to compresion
This is not marketmaker method so I expect the market maker to collect the liquidity of the sell positions
The end of an Elliott pattern has to be faster than ite was buiilt
I don't see a quick move
SO (LONG)
Comment:
The d1 region is broken =engulfing daly zon
I do not open a sell position on the d2 line
I will wait for the d3 line to see if it becomes a trend or a new trend starts
I do not open a sell position on the d2 line
I will wait for the d3 line to see if it becomes a trend or a new trend starts
On February 15 there was a candle that was right on the same price that went up
If the price breaks I am waiting for a new roof in the future