WoWAcEDuDe

WoWAcEDuDe

I'm considering that we've experienced a false breakout of the bearish triangle during the liquidity accumulation phase. The 200-period moving average is acting as resistance. An earlier manipulation of the triangle bottom breakout was done. I'm looking at a potential re-entry from the nearest resistance zone above, followed by working through the formation....

WoWAcEDuDe

Hello, everyone! We have a symmetrical triangle pattern in front of us, and I expect it to break downwards towards the Fibonacci level of 0.55 / 7.436 on the higher time frame. Currently, the MA50 is acting as support, while the MA200 is providing resistance. We are moving within the C movement to overlap equal highs (eqh), from which I anticipate a correction to...

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Good day, everyone! The price is currently in a downward bullish wedge pattern within the D movement. The horizontal trading angle at 5.5 on the Fibonacci correction level of 0.55 from the local high has been tested several times, which increases the likelihood of the next attempt to break through and result in a false breakout to the upside (ROS). I anticipate...

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Hello friends! I have an idea about how the price might behave based on a three-month imbalance and order block.

WoWAcEDuDe

Inside of pennant finishes last price movements. By Elliot builds up 1st wave of 3 Main wave. Fibo shows where aims may to be put.

WoWAcEDuDe

There are two scenarios. 1 - by Elliot. MA147 is as good support. 3rd and 5th waves would say will finish just below MA200 resistance, that gives good perspective. RSI is going for a third attempt to cross the trend resistance line as well, Aroon after falling stays straight. Stoch above 80, means possible move downward. Macd just broke up Bearish neck, good sign...