APEUSDT is pressing against the 50 EMA on the 4H chart. An ABCDE reversal pattern has formed based on Elliott Waves — the setup points to a potential long.
No stop-loss set — there’s a chance of a stop-hunt wick to the downside. I’ll exit the trade if multiple candles close below the zone with their bodies, which would invalidate the setup.
Target is marked on the chart.
No stop-loss set — there’s a chance of a stop-hunt wick to the downside. I’ll exit the trade if multiple candles close below the zone with their bodies, which would invalidate the setup.
Target is marked on the chart.
Trade closed manually
Closing the trade at current price with profit.
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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.