Reason:
1. Wave 5 is over
2. RSI Indicator Divergence at 20m
entry when the candle breaks the EMA and support channel
If you see in 1D chart you will see a divergence in RSI, if you consider for long term
1. Wave 5 is over
2. RSI Indicator Divergence at 20m
entry when the candle breaks the EMA and support channel
If you see in 1D chart you will see a divergence in RSI, if you consider for long term
Trade active:
How I look this chart in different perspective
Using price action method, take a look at the relation between the channel trend, Fibonacci, and the support area. It's really clear that show us reversal moment was around 36$ and then continue the uptrend.
Using Elliot wave I got result same as before the result show us reversal moment was around 36$
Using Cypher Pattern, the reversal movement still around 36$
Trade active:
Another Short | i think Wave B is over
Another Short | i think Wave B is over
Trade closed: target reached:
yeayyy :D
yeayyy :D