Reason:
1. Wave 5 is over
2. RSI Indicator Divergence at 20m
entry when the candle breaks the EMA and support channel
If you see in 1D chart you will see a divergence in RSI, if you consider for long term
1. Wave 5 is over
2. RSI Indicator Divergence at 20m
entry when the candle breaks the EMA and support channel
If you see in 1D chart you will see a divergence in RSI, if you consider for long term
Trade active
How I look this chart in different perspectiveUsing price action method, take a look at the relation between the channel trend, Fibonacci, and the support area. It's really clear that show us reversal moment was around 36$ and then continue the uptrend.
Using Elliot wave I got result same as before the result show us reversal moment was around 36$
Using Cypher Pattern, the reversal movement still around 36$
Trade active
Another Short | i think Wave B is over
Trade closed: target reached
yeayyy :D
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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.