hey traders i have some xvg and my plan is here. let me explain why i am so pessimist.
i counted the correction waves for last drop and price completed a WXYZ pattern. Also as you can see that we are in a triangle and it seems bearish EW ABCDE triangle correction to me.
on the other hand ichimoku shows that price is below a thick cloud resistance.
so i put sell order at around 240 levels. then i will wait for confirmation.
if the triangle breaks down as you can see i drew a support line is based on Wolfe pattern.
good luck
and please add comments for cooperation
i counted the correction waves for last drop and price completed a WXYZ pattern. Also as you can see that we are in a triangle and it seems bearish EW ABCDE triangle correction to me.
on the other hand ichimoku shows that price is below a thick cloud resistance.
so i put sell order at around 240 levels. then i will wait for confirmation.
if the triangle breaks down as you can see i drew a support line is based on Wolfe pattern.
good luck
and please add comments for cooperation
Comment:
ps:if price breaks up the triangle then stop loss for long position is point C
Comment:
another cypher??
Trade active:
trade active for a probable wolfe pattern
Comment:
target reached my short guesses are more reliable than longs i think:)
enjoy the buy zone
enjoy the buy zone