Bounce at the golden pocket. Bearish hns playing the 5th wave will find support around fib(0.786 - 1)
From a bullish perspective this is the outcome. Either we have completed the correction(a-c) and have broken out or we're playing wave e before beginning an upward movement. I'll wait and see what happens before taking the next step
The only question at this point is whether the move down from 45600 should be labeled as wave (4) or wave (C). From a short-term trading perspective, this question is academic because, either way, the trade objective is a price move below 45600
Entry triggers: 1) strong bullish div on 1hr 2) symmetrical triangle 3) a-e ewt 4) breakout 5) retest tp: fib retr sl: (c)
ending diagonals overbought rsi bearish divergence on the hrly and small tf 5 waves in
quick long scalp 10x ROE 34% entry upon bias confirmation
symmetrical triangle 5 waves in break out retest volume
another winning move enter upon retest. mistake one, didn't enter in time. solution: could hve entered 25% and then dca upon retest
missing wave 5 missing hh(downtrend, in order to gain more traction down im looking for a double top) slight bullish div on 5min channels simple pa sl: horizontal resistance tp: bearish trendline BINANCE:KNCUSDTPERP
playing wave 3, Still believe its not yet complete
Entry triggers: 1) bearish divergence (RSI HL and LL on the chart) 2) ending diagonals 3) 5 waves in 4) bounce at support 5) break of the horizontal resistance(trend line connecting 2 and 4) 6) retest 7) increase in volume RR:3.29 Initial sl (initial protective stop set under slightly under wave 5, after the trade starts moving in our direction move it...