EPI -- potentially bullish fractal
Previously, I mentioned that its necessary to be patient, and I think we have an answer now.
We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up.
Today's move down is likely just a reset since it was moving at an unsustainable angle.
So my plan
1. I'm looking for there to be a couple of red days which I can buy. Right now, I am just sitting on my hands
2. I would be interested to see if it gets into the blue box mid august
3. Of course, the fractal would be soundly violated on any move below the recent lows.
4. I would be careful not to overstay my welcome if we hit the target earlier than expected. I'd not be bullish any longer after the target level has been achieved and will be looking to see if a setup for a bearish development develops
We matched the 6th of December 2017 fractal on the hourly, so we are likely to have a strong move up.
Today's move down is likely just a reset since it was moving at an unsustainable angle.
So my plan
1. I'm looking for there to be a couple of red days which I can buy. Right now, I am just sitting on my hands
2. I would be interested to see if it gets into the blue box mid august
3. Of course, the fractal would be soundly violated on any move below the recent lows.
4. I would be careful not to overstay my welcome if we hit the target earlier than expected. I'd not be bullish any longer after the target level has been achieved and will be looking to see if a setup for a bearish development develops
Related publications
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.