$DADDY forecast (part 1) “LateAtNight on bed looking at charts”
"IF" DADDY is really going to the moon we can expect something like this.
> More than likely we can expect the daily low getting cooked with a wick, but no body closure. (0.04831)
> After the low gets cooked price can trade back into the previous range. (Yes, "can"we don't assume or hope; we trade what we see, not what we think. Based on this being a HTF long-term forecast, anything is possible. I am charting what I see as likely to occur when price approaches these areas.)
(These price tags indicate my personal expectations for possible turn arounds/ targets in price.)
> We want to see price close above the daily fractal high, located at (0.07449) for a potential pullback and then continuation to the upside.
> (0.16529) can have a larger pullback than what l drew, but I can rather see a smaller pullback to then head to the
(0.19585) area and then for price to push back to the (0.12458) “area” and then trade higher. (note: price can go a little bit lower than (0.12458) before trading higher back to those highs, to eventually violate them.
- ChartMarkup done on mobile phone.
August 22nd, 2024
> More than likely we can expect the daily low getting cooked with a wick, but no body closure. (0.04831)
> After the low gets cooked price can trade back into the previous range. (Yes, "can"we don't assume or hope; we trade what we see, not what we think. Based on this being a HTF long-term forecast, anything is possible. I am charting what I see as likely to occur when price approaches these areas.)
(These price tags indicate my personal expectations for possible turn arounds/ targets in price.)
> We want to see price close above the daily fractal high, located at (0.07449) for a potential pullback and then continuation to the upside.
> (0.16529) can have a larger pullback than what l drew, but I can rather see a smaller pullback to then head to the
(0.19585) area and then for price to push back to the (0.12458) “area” and then trade higher. (note: price can go a little bit lower than (0.12458) before trading higher back to those highs, to eventually violate them.
- ChartMarkup done on mobile phone.
August 22nd, 2024
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.