Gotta see some signs of accumulation/absorption
a few fibs/harmonics and reciprocal abcds
id feel better getting long at 4250..... i hope price rockets over the weekend to 4420 so i can look to short first.
if we are to open near 4420 price still has to go below 4270 to collect liquidity before making it to 4500 / up higher
we could just go to 4250 first, or we may never make it to 4500 but only 4420. (deduced from assumed stop placement above highs)
a few fibs/harmonics and reciprocal abcds
id feel better getting long at 4250..... i hope price rockets over the weekend to 4420 so i can look to short first.
if we are to open near 4420 price still has to go below 4270 to collect liquidity before making it to 4500 / up higher
we could just go to 4250 first, or we may never make it to 4500 but only 4420. (deduced from assumed stop placement above highs)
Note
the 886 can be a 1.13 insteadNote
and the 1.414 can be a 1.618 instead'Note
even more pain above 4500 🐲
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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.