Today we gonna show you some alternative patterns of Wyckoff reaccumulation. Hope, you'll find it useful!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
As BNB has gone past all time high, unable to use daily, weekly, or monthly support/resistant lines from last price action.
Looking at trend lines, possible to follow up to target?? I think it may find resistance. Interesting to see how it plays out.
FIB set to predict possible retracement on the weekly.
My strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick patterns and price action: Help me enter the order at the right time.
Using Fib to find the retracement. I used this upward trend because it was the
timeframe I could see the clear upward trend.
- Have I used the correct time frame? 4Hour.
- Have I used the correct upward trend?
- Should I have used a lower time frame to find a
closer upward trend to the current candle? E.g 1 Hr or 30 min.
To me this chart is telling...