manausdtperp rising wedges - 24.06.22
Updated
entry triggers:
entry: 0.94 - 0.9170
sl: 0.9415
lev: 10x and below
Trade safe and due diligence is advised as always!
Triple resistance and pa in channels, with a wave count of 5 gives the notion that the market is due for a correction. Thus there might be a slight pump for the last sub-wave before changing the direction. Breaking the upper channel invalidates this setup, unless its a fake-out.
- - wedges
- - volume expansion
- - bearish rsi
- - breakdown
- - 5 waves up
entry: 0.94 - 0.9170
sl: 0.9415
lev: 10x and below
- tp 1: 0.9050
- tp 2: 0.8970
- tp 3: 0.8910
- tp 4: 0.8850
- tp 5: 0.8760
- tp 6: 0.8650
Trade safe and due diligence is advised as always!
Triple resistance and pa in channels, with a wave count of 5 gives the notion that the market is due for a correction. Thus there might be a slight pump for the last sub-wave before changing the direction. Breaking the upper channel invalidates this setup, unless its a fake-out.
Trade closed manually
tp 1, 2 hit before the pump
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