WAIT FOR EMA 9 TO CROSSING UP EMA 21. AND THE EMAS BECOME SUPPORT.RSI BOUNCE OR ABOVE 41. ALSO THERE IS A POSSIBLE BREAK UP HERE. NOTE THAT RSI IS IN BULLISH TERITORY YET I WILL WAIT FOR EMA 9 TO CROSSING UP EMA 21. AND PRICE TO BREAK OUT AND RETEST THE TRIANGLE. EXIT WHEN EMA 9 CROSS DOWN THE EMA 21 AND NOW BECOME RESESTANCE. AT THIS TIME RSI IS BELOW 41. I WILL...
Wave 4 is in the decending triangle. It may break up as I am writing or it may go to the support at 135 Sats and go up . I will put in an order at 135. or wait for it to break up and confirm and put in an order to buy at 144Sats.
Stop Loss is 133 Sats.
We got rejected 3 times against above counter trend line. My thought is we are on the C wave which is happening in an ending triangle.Yes it could go to 240 SAT but first it has to try to go above the trend line
As you can see DLT is consolidating in a diagonal triangle with ABCDE Elliot Wave pattern. It is now finishing D and about to reverse and go to E to complete the entrancement. I will wait for a bounce then break out above diagonal resistance then I buy. Please comment