3-3-3-3-3 Triangle correction
Length of DE = .618 the length of BC
Into an area of heavy resistance.
Wyckoff Re-accumulation structure, with some distribution at the highs.
Sometimes you gotta go up before you continue down
Length of DE = .618 the length of BC
Into an area of heavy resistance.
Wyckoff Re-accumulation structure, with some distribution at the highs.
Sometimes you gotta go up before you continue down
Note
Obviously if it doesnt break a new high, be weary because you may see a giant ass red candle.Potential targets in the red zones:
Note
I will not be taking ETH long but looking for short positions.Here's your risk if you were to taking ETH Long:
It doesn't have to reach those liquidity zone up there. It seems like the demand is getting exhausted. Which may mean a small bounce before we head down
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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.