entry triggers:
entry: mkt price
sl: 1428
lev: 10x and below
Analysis
Price moving in converging channels. It can be one of the two structures, ending diagonals(1-5) or falling wedges(a-e). There is a clear wave count of 5 waves in already. The final wave has a truncation. For further reference check out my tutorial on ending diagonals, I explained everything there.
Trade safe and due diligence is advised as always!
- - 5 waves
- - falling wedges / ending diagonals
- - volume expansion
- - bullish divergence
- - breakout
entry: mkt price
sl: 1428
lev: 10x and below
- tp 1: 1454
- tp 2: 1482
- tp 3: 1504.5
- tp 4: 1527
- tp 5: 1559
- tp 6: 1600
Analysis
Price moving in converging channels. It can be one of the two structures, ending diagonals(1-5) or falling wedges(a-e). There is a clear wave count of 5 waves in already. The final wave has a truncation. For further reference check out my tutorial on ending diagonals, I explained everything there.
Trade safe and due diligence is advised as always!
Note
tp 1 hit, closed my position. might look for another entry. else I'm letting this one go, slow PA
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.
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.