Hi everyone, I hope y'all having a profitable week ;)
Today, I'll keep it short and straight to the point. As y'all saw on that this crypto has been dropping since the beginning of May. During that drop, the price didn't retest some major key levels that were supposed to fully confirm the bearish trend. So having them leftover like that means that they expect retest to be made before the bearish trend-continuation (if it will continue though). With that said, let us look at how this trade will be triggered and dis-confirmed.
Bulls: -If the price closes with a bullish reversal candle pattern above the 4H Half a Bat Neckline and 8 m.a, that will trigger our trade signal that will produce a 3 level bullish uptrend to our take profit point. I call this type of trade a "H&S A-E.3 signal".
Bears: -If the price bearish breaks and closes below the 4H Half a Bat Neckline and 8 m.a, before or after taking our trade, that will dis-confirm it.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1
Today, I'll keep it short and straight to the point. As y'all saw on that this crypto has been dropping since the beginning of May. During that drop, the price didn't retest some major key levels that were supposed to fully confirm the bearish trend. So having them leftover like that means that they expect retest to be made before the bearish trend-continuation (if it will continue though). With that said, let us look at how this trade will be triggered and dis-confirmed.
Bulls: -If the price closes with a bullish reversal candle pattern above the 4H Half a Bat Neckline and 8 m.a, that will trigger our trade signal that will produce a 3 level bullish uptrend to our take profit point. I call this type of trade a "H&S A-E.3 signal".
Bears: -If the price bearish breaks and closes below the 4H Half a Bat Neckline and 8 m.a, before or after taking our trade, that will dis-confirm it.
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji.2k1
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.
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.