FETUSDT is currently showing a bearish AB=CD pattern, indicating a potential trend reversal from an uptrend to a downtrend.
The price is currently in the range between point C and point D of the pattern, which means that it may continue to fluctuate within this range until a confirmed downtrend begins.
To take advantage of this information, you plan to put a Buy stop order on the higher high of the range until confirmation of the downtrend at point D.
Once the downtrend is confirmed, you plan to take a Short entry in this trade based on the Dow Theory.
The price is currently in the range between point C and point D of the pattern, which means that it may continue to fluctuate within this range until a confirmed downtrend begins.
To take advantage of this information, you plan to put a Buy stop order on the higher high of the range until confirmation of the downtrend at point D.
Once the downtrend is confirmed, you plan to take a Short entry in this trade based on the Dow Theory.
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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.