Hello friends
First of all, I apologize because my English is poor and I am taking help from Google
With the Elbrox style indicator that usually works correctly on 4-hour, 5-minute and weekly time frames, we are in a weekly channel after the spike and it is making a third ceiling and also made a leg 2 on the daily time frame and is now in the 1.5 range using fib extension. Now if today, which is the end of the week, can close below 3000 and become a pin bar, the probability will be stronger. If not, I am waiting for it to become an ingavel next week.
Now we have to see to what extent the probabilities turn out to be correct.
First of all, I apologize because my English is poor and I am taking help from Google
With the Elbrox style indicator that usually works correctly on 4-hour, 5-minute and weekly time frames, we are in a weekly channel after the spike and it is making a third ceiling and also made a leg 2 on the daily time frame and is now in the 1.5 range using fib extension. Now if today, which is the end of the week, can close below 3000 and become a pin bar, the probability will be stronger. If not, I am waiting for it to become an ingavel next week.
Now we have to see to what extent the probabilities turn out to be correct.
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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.