Technical Analysis
1. Rising Wedge NOT COMPLETED on a 4 hours chart (Possibly completed when the market reaches 62k)
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern (Rising Wedge on 4 hours) which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX! - As seen
My Re-entry is based on structure levels to the left, a larger Fibbonacci Retracement level and market to bounce of EMAs 60/200 :)😁
Here's my clear projection.
1. Rising Wedge NOT COMPLETED on a 4 hours chart (Possibly completed when the market reaches 62k)
2. Fibbonacci Retracement and Expansion to 1.618 completed (while forming a reversal pattern (Rising Wedge on 4 hours) which indicates exhaustion of the market.
3. Monthly chart RSI overbought to the MAX! - As seen
My Re-entry is based on structure levels to the left, a larger Fibbonacci Retracement level and market to bounce of EMAs 60/200 :)😁
Here's my clear projection.
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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.
Related publications
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.