Not financial advice
We have a weekly head and shoulders rejection without considering the blowoff top of 50.00 that is a 80% loss from bottom of the shoulder to the top of the head.
Now currently we have a double top rejection pattern at 5.50 apply that 80% loss from 5.50
Target area in orange at 1.10-1.20
If we apply the double top rejection at 15.85 to the low of 2.10 that is a rejection of 87.5%
An 87.5% rejection target entry area would be .75c
So optimal long term entries would be between .75c and 1.20 for accumulation
Remember DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
We have a weekly head and shoulders rejection without considering the blowoff top of 50.00 that is a 80% loss from bottom of the shoulder to the top of the head.
Now currently we have a double top rejection pattern at 5.50 apply that 80% loss from 5.50
Target area in orange at 1.10-1.20
If we apply the double top rejection at 15.85 to the low of 2.10 that is a rejection of 87.5%
An 87.5% rejection target entry area would be .75c
So optimal long term entries would be between .75c and 1.20 for accumulation
Remember DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale
Trade active
10 months in the making but another power call brought to you by Think Like A Whale Trading Group. Patience Is Key. Said .75-1.50 is target so far hit 1.70 expectation of a reject at around 2-2.20 range before coming down to finally meet target.
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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.
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.