The idea is simple figure out the bottom max long zone based on some info we know and see iff it hits
What we know;
1) we eventually make a 3rd touch on the trendline with 2 touches already if we assume the trend continues up
2) I found a spot that aligns with the neckline of an inverse head and shoulders marked in orange with a 72.5K long target along with floor @ 64.4
3) this also a floor / support zone and if we go below 64.3K we start the M pattern and turn bearish so I assume the bottom is higher then this level
The Idea is marked in Green, Going to put a long limit order @ 64.5 and see how this plays out
What we know;
1) we eventually make a 3rd touch on the trendline with 2 touches already if we assume the trend continues up
2) I found a spot that aligns with the neckline of an inverse head and shoulders marked in orange with a 72.5K long target along with floor @ 64.4
3) this also a floor / support zone and if we go below 64.3K we start the M pattern and turn bearish so I assume the bottom is higher then this level
The Idea is marked in Green, Going to put a long limit order @ 64.5 and see how this plays out
Trade closed manually
winning - forget to close tha trade
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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.