Arbitrum Swing Trade
2Day Timeframe + elliot wave count + support and resistances
12h Timeframe + support and resistances
Suspecting the correction is finished and the low is in
Every pullback is an buy opportunity until we break the last high around 2,40 dollar or make an complete 5 wave move to complete wave 3 primary
On the 6h chart looking to enter back in previous rang in a 5 wave move
target is point of control around 1,13 dollar or a possible fake out to the value area high around 1,21 dollar
Stop loss beneath the low in the elliot wave count, otherwise the downtrend continues in wave 5 of wave C on the 2Day chart
12h Timeframe + support and resistances
Suspecting the correction is finished and the low is in
Every pullback is an buy opportunity until we break the last high around 2,40 dollar or make an complete 5 wave move to complete wave 3 primary
On the 6h chart looking to enter back in previous rang in a 5 wave move
target is point of control around 1,13 dollar or a possible fake out to the value area high around 1,21 dollar
Stop loss beneath the low in the elliot wave count, otherwise the downtrend continues in wave 5 of wave C on the 2Day chart
Note
Bouncing off the 0.618 Fib retracement and 0.618 Fib extension target for wave CMarket structure holding the higher low, wave 3 should begin next
Note
bounced another time from the 2h green support from previous chartalternative scenario for the 5 wave move up
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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.
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.