I use this pattern to trade the S&P Futures Index and it always works for me, its just nothing but Pure Price Action witch is the methodology of my preference.
This pattern i call it "N3" because if you it looks like a letter N in three major movements, but it has its rules, same rules we use for the two-legged pullbacks
the only difference is that in this pattern we are always looking for new extremes after the price bounces on a major trend
SO NUMBER 1: we have to look for a major trend or a break out of the trend Channel for example...
After Ellen musk tweeted that he only owns Bitcoin ethereum and Dodge corn he created FUD dropping the price all the way down and then creating reversal to be considered as a major Trend after the drop.
NUMBER 2: at the end of the major trend we called that a new high and consequently we are going to see a small correction which I called the test, after that small correction the price always bounce to a new extreme
and this pattern has been repeating for 3 consecutive days and looks like we are going to expect another bull run soon
**HERE IS THE CRYPTO SLANG LINK FOR BEGGINER TRADERS, CHECK IT OUT:
@kepler22, and it did ! Following a consolidation ending for the third time the same pattern after the last FUD
moila
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Great information, thank you!
rtrobiano
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Dont forget to get SOME SAITAMA AND ELON these crap tokens are up over 400% in the past 2 weeks Plus you can use UNISWAP and your coinbase wallet to buy them
jbwathen89
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@rtrobiano how do you buy them on Coinbase? I always have to buy uni off coin and swap around on all these stupid ass platforms and get screwed on fees and sometimes accidentally sending to wrong wallet or never getting money
rtrobiano
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@jbwathen89, use your coinbase wallet connect it on uniswap. remember you need to have plenty of eth for gass fee yes its exspensive for gass eth but other wise you would not be able to get that token