Hello,
Beginning with the 1D chart on CME we can see the birth of Adam and Eve taking place. At the same time we can see a shooting star ready to be confirmed. This points to the possibility of printing a handle for A+E. Also a cross between the 8D MA and 21D MA is about to occur.
Below it, we find a gap. Although I believe we shouldn't wait for a gap to be filled, we can find support near it if we get a short-term dip. Or break in and fill it. A daily close below the gap can null the pattern and a triple bottom can occur, although I don't expect that to be the case. If Adam and Eve gets invalidated, a bounce at the bottom of the bull flag is highly possible.
Above it, we can confirm the pattern and continue the run above the bull flag to a target of $13,900 and beyond.
- B
12hr:
4hr:
Beginning with the 1D chart on CME we can see the birth of Adam and Eve taking place. At the same time we can see a shooting star ready to be confirmed. This points to the possibility of printing a handle for A+E. Also a cross between the 8D MA and 21D MA is about to occur.
Below it, we find a gap. Although I believe we shouldn't wait for a gap to be filled, we can find support near it if we get a short-term dip. Or break in and fill it. A daily close below the gap can null the pattern and a triple bottom can occur, although I don't expect that to be the case. If Adam and Eve gets invalidated, a bounce at the bottom of the bull flag is highly possible.
Above it, we can confirm the pattern and continue the run above the bull flag to a target of $13,900 and beyond.
- B
12hr:
4hr:
Trade active
We have yet to close above the channel on the daily. I'm looking to buy in at $11120-$11200.Note
$11200 dip hit on spot price. Theres a possibility we continue dropping to $10500-$10600. But I like this bounce, its near the neckline of the adam and eve and i feel comfortable with it. If a $10500 opportunity presents itself, id welcome it gladly. Note
12hr:
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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.