EthereumShort
ETHUSD
Updated
Weekly Timeframe
This timeframe indicates a corrective pattern in the overall trend, Drilling down to the daily timeframe for end of trend confirmation in order to get in with the trend.
Daily Timeframe
From this timeframe a reverse symmetrical triangle is spotted and a sub wave for wave A of the corrective pattern, 3 WAVE B is also completed now a 5 WAVE down hourly is to be completed in order for a trend continuation to considered.
HOURLY TIMEFRAME
5 wave move down with a 3 wave internal structure.
Currently in a sub wave B of the final move down.
This timeframe indicates a corrective pattern in the overall trend, Drilling down to the daily timeframe for end of trend confirmation in order to get in with the trend.
Daily Timeframe
From this timeframe a reverse symmetrical triangle is spotted and a sub wave for wave A of the corrective pattern, 3 WAVE B is also completed now a 5 WAVE down hourly is to be completed in order for a trend continuation to considered.
HOURLY TIMEFRAME
5 wave move down with a 3 wave internal structure.
Currently in a sub wave B of the final move down.
Trade active
Trade closed: target reached
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