2007 Fractal... Could it really be this perfect?
Hi Ladies and Gents,
This is my first idea ever but I was really excited to share this and I hope you'd take the time out to have a look. I'm not really the type to post ideas but sharing is caring and this is just a game of "Us Average Joes VS The Big Banks". So we all have to try and make money together!
The First chart shows the massive rising wedge that I drew a few months ago and you can realise my excitement last night when I saw I saw it reject from the top of the trendline.
2 scenarios come to my head at this point:
1. Price breaks the bottom trendline stongly and comes back for a retest of the bottom trendline later on (BE PATIENT and only enter at retest for best Risk-Reward even if it takes weeks to play out)
2. Price bounces of the bottom trendline and continues the wedge pattern/ Makes new ATH lmao
For the purposes of this analysis, we'll only be looking at scenario 1. I'll be adding the fractal charts in sequence as I have no idea how to post charts side by side like botje and I dont have enough reputation points obviously XD
This is not financial advice. Any feedback will be very much appreciated as its my first time posting an idea. All the best fellow traders.
Average Joes Unite!
This is my first idea ever but I was really excited to share this and I hope you'd take the time out to have a look. I'm not really the type to post ideas but sharing is caring and this is just a game of "Us Average Joes VS The Big Banks". So we all have to try and make money together!
The First chart shows the massive rising wedge that I drew a few months ago and you can realise my excitement last night when I saw I saw it reject from the top of the trendline.
2 scenarios come to my head at this point:
1. Price breaks the bottom trendline stongly and comes back for a retest of the bottom trendline later on (BE PATIENT and only enter at retest for best Risk-Reward even if it takes weeks to play out)
2. Price bounces of the bottom trendline and continues the wedge pattern/ Makes new ATH lmao
For the purposes of this analysis, we'll only be looking at scenario 1. I'll be adding the fractal charts in sequence as I have no idea how to post charts side by side like botje and I dont have enough reputation points obviously XD
This is not financial advice. Any feedback will be very much appreciated as its my first time posting an idea. All the best fellow traders.
Average Joes Unite!
Comment:
I am not allowed to post more charts in comments here as I dont have enough points so I'll publish them in the next couple of ideas.