At left side we can see a flag was formed and completed at -0.27 for our 2618 setup:
- double top
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Top + 0.618 = 2618
TP3 (1.618) would be long term for major retracement at previous 0.786 - 0.886 area.
Indicators:
EMA= Both lines haved crossed telling us change of impulse
MACD= Double Top inside MACD with Support & Resistance shows what I expect for 2618
Good Trading.
- double top
- measure impulse
- retracement at 0.618
- TP at -0.27 and -0.618
Double Top + 0.618 = 2618
TP3 (1.618) would be long term for major retracement at previous 0.786 - 0.886 area.
Indicators:
EMA= Both lines haved crossed telling us change of impulse
MACD= Double Top inside MACD with Support & Resistance shows what I expect for 2618
Good Trading.
Note
Price is exactly at -0.618Note
Pullback to 0 retracement of main analysis, also I measure bearish impulse by placing 0.236 right below consolidation and got major retracement at 0.786 where 0 retracement is.I expect bearish continuation
Goood Trading. -15min Chart
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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.