ALGOUSDT | Corrective Wave Started | Short
Updated
Reason:
1. Break the support Channel
2. Break the support Wall
3. Break the EMA support in 30M Time Frame
4. RSI Divergence
5. I think wave 5 is over
For the stop loss level consider the trendline and the EMA as a new resistance
The corrective path just a illustration about the ABC corrective wave, it can be flat or zigzag or another ABC
Disclaimer ON
this chart is not a signal you should follow, I just want to share what I think, if I made a mistake please let me know in the comments section, Thanks.
Break the EMA support in 30M Time Frame
1. Break the support Channel
2. Break the support Wall
3. Break the EMA support in 30M Time Frame
4. RSI Divergence
5. I think wave 5 is over
For the stop loss level consider the trendline and the EMA as a new resistance
The corrective path just a illustration about the ABC corrective wave, it can be flat or zigzag or another ABC
Disclaimer ON
this chart is not a signal you should follow, I just want to share what I think, if I made a mistake please let me know in the comments section, Thanks.
Break the EMA support in 30M Time Frame
Trade active
you can entry short when candle retest!
Trade active
another way using chart pattern, how about this guys?? look the relationship with the fibonaci, 76.4%, for me its still make sense LOL
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.