INIT buy/Long Setup (4H)On INIT chart we do not yet have a bearish CH on the chart, and within the substructure, we can look for potential buy/long positions.
There is an unmitigated POI zone, and once the price reaches this area, we can look for buy/long setups.
The targets are marked on the chart.
A daily candle close below the invalidation level will invalidate this analysis
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Init
Spy inverted, looks very interesting.From what i gather here, trade on before supporting trend line break put, which willl start the B-C wave.
Where will C land, i won't know, but it will touch resistance trend line for sure.
This does tell me that the BIG short is defiantly near as we may be heading back to SPY@200.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion