Currently, all the movements I look at and position myself differently. It is important to show yourself all the possibilities and get rid of your emotions
if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg down), which is my last option due to the economic situation
Acceptance below 200 and 50 Weekly Moving Average(SETUP-SHORT)
if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg down), which is my last option due to the economic situation
Acceptance below 200 and 50 Weekly Moving Average(SETUP-SHORT)
Note
Used retest on this update. Now we are looking to try to catch below and if that price comes, we are probably on the third longest downward wave. I will enter and exit quickly as in the picture because I expect another lower low
Note
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Related publications
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.