Rising wedge was formed in 15m a while ago. We're not at the 3rd touch of the bottom, which often means breakout.
Target for this wedge would be .618 fib = 33900 ish (I would TP @ 34k to keep it safe).
Now retesting the bottom of the wedge (channel).
Trade safely!
Target for this wedge would be .618 fib = 33900 ish (I would TP @ 34k to keep it safe).
Now retesting the bottom of the wedge (channel).
Trade safely!
Trade active
Retested the channel (wedge) in 15m and got rejected.Probably gonna retest it again in higher TF, we will see. But thats another bearish confluence for now.
Note
Just realized that actual target would be more toward 33 500 than 34k, but still 33900-34000 (.618fib) is a safer bet.just wanted to share update.
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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.