ETHEUR triggers the pocket pivotal point on weekly for the third time (teal bar).
The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally.
This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges.
Going to monitor this and update ones it becomes relevant.
The previous times this happens, eth drew a pennant on weekly and after making a new high it entered the real rally.
This could mean that we will need patience over the next weeks and can buy dips ones a pennant emerges.
Going to monitor this and update ones it becomes relevant.
Note
The weekly is about to close with the pocket pivotal point signal.I copied the fractal of the consolidation from the last two times this happens, adjusted by the size of the weekly bar and added the fib levels (fib levels applied only to the weekly bar).
If there is a dip, I am looking to enter margin longs near the 0.5 / 0.618 level
If there is no consolidation/correction I am happy with my spot position I have accumulated already.
Note
we are officially in the consolidation phase Trade active
started to build position todayNote
good chance for breakout :) Note
now we will see if history repeatsNote
its about timeNote
eth failed hard and went back down to the trendline.
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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.