Felixt_22

Felixt_22

The ascending triangle is one of the most common chart pattern, normally it's a bullish pattern. Entry should be at the breakout from the resistance and stoploss should be placed below the last low, while target will be the previous resistance zone in this case near $16400 - $16500 (supply zone) Bulls takeover will occur when price breaks the red box, don't...

Felixt_22

If we look on the 2H chart the bearflag mentioned yesterday broke out to the downside and the red box is acting as resistance zone, now we are heading possibly towards 16k.

Felixt_22

On the 1H chart we broke out of the coloured in blue symetrical triangle to the downside, seeing now a bit of support near the last low. Now I‘m looking for a rejection of the yellow support box to act as new resistance and go down to 16k. Now, looking for a bearish retest + confirmation at the bottom of the triangle (black path).

Felixt_22

On the 1H chart we see a possible bearflag with a target definetly under 16k if bears are strong.

Felixt_22

We see a S/R level inside the red box, if bears keep in control, next target should be 16k If we see buy volume on monday, probably we go to test the ascending channel and look for shorts inside the grey box at 17.5k

Felixt_22

Waiting for a possible retest of the uptrend channel to look for shorts if it acts as resistance, or accumulation before a breakdown to create lower lows at 16000 (next support)

Felixt_22

Hello Tradingview, welcome to my trading journey, I'm Felix, as known as the Chartwizzard, I'm going to publish my TA for consecutive 180 days to improve my persistance and my focus on the market again, learnb from mistakes and basically improve my TA for my personal purposes by trading, DYOR. Quick TA: For the bears to remain in control, and take over from a...