We are using a Logharitmic chart so we can see the same proportions of % and movements despite the nominal movement.
What are the conclusions we have based on this?
-We have 5 examples of situations where the price dropped between 25 - 40 days with durations between 28 - 60 days.
- 3 of them provided resolutions with great % gains after the breakout, 2 of them provided fake signals
-If we create adequate filters, we can avoid at least one of the fake outs (like waiting for the breakout of the more external trendline of the correction and then looking for a small throwback on a lower timeframe)
-The rawest scenario is one in which you trade all of these structures without waiting for confirmations. Using that idea, even if you had 2 stops, you could manage to take profits on the 3 scenarios with at least a 1:2 Risk Reward Ratio. Imagine developing setups with much more accuracy.
We hope this type of information can help you develop your own study cases on this type of asset to project resolutions to what is happening right now. Thanks!
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