Hi friends, I hope y'all had an awesome weekend ;)
Today, we have a medium-term buy trade on this baby. This trade is derived from the monthly counter-trend that's forming the bearish H&S level 2 or Double Top accumulation phase that will retest the Monthly Neckline, ascending, and 8 m.a - on the monthly!
We have two possible scenarios,
Bulls: -If the price bearish retests the Mini Weekly Half a Bat Neckline and 8 m.a with a bullish reversal candle pattern close (1st trade signal) that leads the price to bullish break and retest the 1st Daily Key Lvl and 50 m.a (2nd trade signal), according to this timeframe, the price would be in prep to rally for the half bats L1, L2, and L3 together for the short-term m.a's trend that will probably end on the 1st Monthly Key Lvl. I call these two trade signals a "Half a Bat A-E.2".
Bears: If the price bounces off the 1st Daily Key Lvl and 50 m.a with a bearish reversal candle pattern that drops the price to break and retest the Mini Weekly Half a Bat Neckline and bearish crossed short-term m.a's, forming reversal pattern, according to this timeframe, the price would be rejecting the bullish rally and in prep to drop for the overall trend of the monthly but it wouldn't be a solid/strong signal.
That's it. I hope you found value in this. If you have a different idea, feel free to share it in the comments section, I'd love to know your point of view!
Stay Blessed,
Doji-2K1
Today, we have a medium-term buy trade on this baby. This trade is derived from the monthly counter-trend that's forming the bearish H&S level 2 or Double Top accumulation phase that will retest the Monthly Neckline, ascending, and 8 m.a - on the monthly!
We have two possible scenarios,
Bulls: -If the price bearish retests the Mini Weekly Half a Bat Neckline and 8 m.a with a bullish reversal candle pattern close (1st trade signal) that leads the price to bullish break and retest the 1st Daily Key Lvl and 50 m.a (2nd trade signal), according to this timeframe, the price would be in prep to rally for the half bats L1, L2, and L3 together for the short-term m.a's trend that will probably end on the 1st Monthly Key Lvl. I call these two trade signals a "Half a Bat A-E.2".
Bears: If the price bounces off the 1st Daily Key Lvl and 50 m.a with a bearish reversal candle pattern that drops the price to break and retest the Mini Weekly Half a Bat Neckline and bearish crossed short-term m.a's, forming reversal pattern, according to this timeframe, the price would be rejecting the bullish rally and in prep to drop for the overall trend of the monthly but it wouldn't be a solid/strong signal.
That's it. I hope you found value in this. If you have a different idea, feel free to share it in the comments section, I'd love to know your point of view!
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.