Rising Wedge Broken dont Sell Now
I Combine Elliot Wave (to determine the possible next movement of this pair) and combine this with price action (to determine the top and bottom) + indicator Ichimoku kinkyo ho ( to determine the strenght of this pair)
Result
Elliot Wave is showing its the end of wave, wave 5, so the wave is almost over, or it is already over. still a question ????
Price Action, this pair make a rising wedge pattern, but suddenly the TOP LINE is BROKEN. price holding tight the top.
Ichimoku, shows the strenght of this pair is STRONG BULLISH.
SUMMARY
Since its not clear where this pair is heading, I recomend for myself just stay until the direction is clear. any short position open only when downtrend is made or bearish candle shows in daily or weekly chart.
THANK YOU.
Result
Elliot Wave is showing its the end of wave, wave 5, so the wave is almost over, or it is already over. still a question ????
Price Action, this pair make a rising wedge pattern, but suddenly the TOP LINE is BROKEN. price holding tight the top.
Ichimoku, shows the strenght of this pair is STRONG BULLISH.
SUMMARY
Since its not clear where this pair is heading, I recomend for myself just stay until the direction is clear. any short position open only when downtrend is made or bearish candle shows in daily or weekly chart.
THANK YOU.
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