Similarly to Bitcoin, we were anticipating the 5th subwave drop but the 4th subwave has turned into an extended ABC correction.
Watching the recent highs and the parallel correction resistance for bearish price action.
Trade Idea:
- Watch for bearish price action around one of the areas of interests mentioned above
- Draw a trendline and watch for a break for a more confirmed entry
- Once broken, enter with stops above the recent highs
- Targets: 800, 700, actively manage the rest
Goodluck!
Watching the recent highs and the parallel correction resistance for bearish price action.
Trade Idea:
- Watch for bearish price action around one of the areas of interests mentioned above
- Draw a trendline and watch for a break for a more confirmed entry
- Once broken, enter with stops above the recent highs
- Targets: 800, 700, actively manage the rest
Goodluck!
Note
Saveable Post
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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.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.