A massive cypher pattern may be completed at the D also you may look in lower time frame for the entry point at the Potential Reversal Zone (PRZ) Have a good trading
Note
Target 1 is at 38% fib retracement of the inter leg This trade is almost 1:2 risk reward
Note
The last week candle was closed in the zone price of 36K which is below the last week closing at 43K
trend continuation to the PRZ is almost there N.B, The support and the psychological 30K should be violated with closing below to confirm the way to the PRZ
Note
We have got reached 18K
It is time to long as we are in the top of the PRZ
Trade closed: target reached
This set us has been for a full exact two years ( long Time analysis ) and we have just reached the target this month and just today at Jan 2024.
That is how technical analysis and reading charts correctly lead to those results
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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.