Fractal, Long.
Following an old fib level diagram we'll most likely hit bounce zone within 5.5 - 6.4. All indicators beep oversold so don't carry on selling, that's a bad move. Fractals also show a possible bounce at this level with a 317% movement from the previous ATH and this ATH. we're almost 317% down from the ATH we hit recently.
This is more or less what we should see.
You can see that an IHS is invalid, shoulders can't be higher than the head
Time to long and try.
This is more or less what we should see.
You can see that an IHS is invalid, shoulders can't be higher than the head
Time to long and try.
Note
I have not MADE a move yet. Do NOT enter until I post an active trade status.Trade active
317% for this dip is 5.5061The party just started.
I'm in. Fill more at $4 if it happens. It's unlikely, but I haven't bought alot. Just 35% of what I want to spend so keep a lookout and I'll see you soon, buying more at 5.7 if it REALLY bounces here.
Note
SL at 4.95Trade active
Trade closed: stop reached
Stop hit. Good buy here.
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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.