It seems that a full elliot wave has fineshed, and PART retraced 88% from the last move.
PART is oversold on multiple timeframes
And but the trend also seems to start a reversal.
We are currently in an accumulation zone
that started few hours ago.
1h Stoch RSI shows that we can go lower from here but MACD and RSI just reversed less 12h ago. I'll buy as low as 0.88 fib level from the last move.
It seems that it's preparing for a new swing.
Targets sent on Telegram
PART is oversold on multiple timeframes
And but the trend also seems to start a reversal.
We are currently in an accumulation zone
1h Stoch RSI shows that we can go lower from here but MACD and RSI just reversed less 12h ago. I'll buy as low as 0.88 fib level from the last move.
It seems that it's preparing for a new swing.
Targets sent on Telegram
Note
Trading above 30m cloudand in 1h cloud
A small pullback may happen as on 4h and 6h it looks a little oversold
Note
Trade closed: stop reached
Failed but will look for Wyckoff
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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.