3 reasons for reversal scenario
1-loss of momentum in strong suu\pport areas
2- falling wedge
3-a weak bullish divergence
i know these are might not be enough for a strong reversal, but they have enough power to cause a small pump
1-loss of momentum in strong suu\pport areas
2- falling wedge
3-a weak bullish divergence
i know these are might not be enough for a strong reversal, but they have enough power to cause a small pump
Note
field. duo to breaking. from bottomNote
we hade a fake break out, the scenario is still validNote
we got the first key point, there would be a probable pullback then continueNote
actually i think that fake break out was just a stop huntNote
in my opinion, we just fulfilled the wedge targetTrade closed: target reached
case closed
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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.