TAO LONG!
Two Waves With Structure Break.
This pattern is one of the various patterns that can be found when trading AI on DEX.
This pattern shows a tendency to "break" from the conventional market structure before prices deviate and experience a parabolic run.
The two waves in this pattern are 2 high points which then experience a breakdown of the previous trendline and fail to form a higher low (HL) then the price drops +-50%.
The position after the drop can be used as an entry trigger by considering other technicals such as Fibonacci and also demand areas in large time frames.
DYOR, Not Financial Advice!
This pattern is one of the various patterns that can be found when trading AI on DEX.
This pattern shows a tendency to "break" from the conventional market structure before prices deviate and experience a parabolic run.
The two waves in this pattern are 2 high points which then experience a breakdown of the previous trendline and fail to form a higher low (HL) then the price drops +-50%.
The position after the drop can be used as an entry trigger by considering other technicals such as Fibonacci and also demand areas in large time frames.
DYOR, Not Financial Advice!
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