Short, abc correction @32.48
Updated
So, this looks really overbought, but it does have some more momentup to push the price higher.
But not without some more correction.
I am expecting a abc pattern to play out at least.
We just finished a-e pattern , with abc for correction is in play.
I would wait before getting back in, or short again on C point if we don't hit 40 as expected.
As you can see on daily, we have 2 large resistance trend lines. which helped us to identify good exit points.
And it looks like we are near top of this current one.
WE just bounced of a wedge support line, fast, indicating if price fails to grow with the same momentum, support trend line will be broken with the volatile sell off.
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 analysed, 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.
These fractal events are identified as dotted vertical lines.
Thank you,
Ajion
But not without some more correction.
I am expecting a abc pattern to play out at least.
We just finished a-e pattern , with abc for correction is in play.
I would wait before getting back in, or short again on C point if we don't hit 40 as expected.
As you can see on daily, we have 2 large resistance trend lines. which helped us to identify good exit points.
And it looks like we are near top of this current one.
WE just bounced of a wedge support line, fast, indicating if price fails to grow with the same momentum, support trend line will be broken with the volatile sell off.
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 analysed, 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.
These fractal events are identified as dotted vertical lines.
Thank you,
Ajion
Note
i have forgot to add a S/L lol is 34, but then i might double up, it all depends how the momentum goes.Note
Does not look good on short term time frame. Today was not the time to go LONG on AMD
Note
Gap into yesterday's high. wow, so if we drop again, it would confirm, bears are taking over. Lets see.Note
IN theory first we test 33, then 32, then 30Note
After 2 weeks, we finally did it. lol.
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
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.