It's very important to zoom out and take a step back into the daily and weekly timeframes every couple days. The way this triangle is forming it's starting to look like a continuation pattern to the upside. My elliot wave count in yellow shows my new primary count for now. We see that the wave 3 has retraced to the very technical 38% fibonacci level. That along with the triangle seems to be favoring the bullish count to $325
As a trader we must learn to adapt with the chart and constantly change our viewpoints as new price information develops. Dont get stuck being a bear or bull. Try to remain neutral and just trade off what the chart tells you.
I have identified two algorithmic zones in green boxes whether the triangle breaks up or down. At this point it's best to WAIT FOR THE BREAKOUT of the triangle before placing a trade because there is elliot wave and fibonacci targets that can take us either way
I want to say thank you to the people following my work. I may not be posting videos for a bit and I'll try to keep some quick updates rolling in. If I didnt get your video chart request out yet, I do apologize.My wife went into early labor with our first baby so please keep us in your prayers. Theres a lot money cant buy and things way more important. Enjoy your weekend and remember to spend time with your loved ones.
Time=priceless and there is a finite amount that we get.
So thank you for taking your valuable time to follow my work
Rigo
As a trader we must learn to adapt with the chart and constantly change our viewpoints as new price information develops. Dont get stuck being a bear or bull. Try to remain neutral and just trade off what the chart tells you.
I have identified two algorithmic zones in green boxes whether the triangle breaks up or down. At this point it's best to WAIT FOR THE BREAKOUT of the triangle before placing a trade because there is elliot wave and fibonacci targets that can take us either way
I want to say thank you to the people following my work. I may not be posting videos for a bit and I'll try to keep some quick updates rolling in. If I didnt get your video chart request out yet, I do apologize.My wife went into early labor with our first baby so please keep us in your prayers. Theres a lot money cant buy and things way more important. Enjoy your weekend and remember to spend time with your loved ones.
Time=priceless and there is a finite amount that we get.
So thank you for taking your valuable time to follow my work
Rigo
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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.