TRX currently has a huge retracement.
It seems that currently is in Elliot 4th wave and may prepare to a 5th wave.
1d, 4h and lower timeframes Stoch RSI look like wanting to reset
It may also touch the trendline or go a little bit lower.
Even if not so and there is a bull trap, we can take advantage of it.
Looking to sell at older support and resistance levels.
It seems that currently is in Elliot 4th wave and may prepare to a 5th wave.
1d, 4h and lower timeframes Stoch RSI look like wanting to reset
It may also touch the trendline or go a little bit lower.
Even if not so and there is a bull trap, we can take advantage of it.
Looking to sell at older support and resistance levels.
Note
Broke the downtrend and is heading to first targetTrade closed: target reached
First target reached and currently has a pullback... May still go even higher but will not chase the price. Will reanalyze the market.More details sent in Telegram Channel.
Note
It seems that my wave count was wrong.Here is a new idea:
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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.