Not a financial advisor.
Currently looking at prices closing above the MA20 and currently printing a double doji (Depends how the daily will close).
I normally do not trade the double doji pattern but it is interesting to see it printing out on the daily.
Stop loss - either the MA20 (but as you can see often candles pierce below) or the lowest wick from the Dojis.
Target - I have been discussing whether this is a "M" or a "W". I am currently biased towards a W or even a Cup and Handle.
I suppose target is easy to calculate.
Good Luck!
Currently looking at prices closing above the MA20 and currently printing a double doji (Depends how the daily will close).
I normally do not trade the double doji pattern but it is interesting to see it printing out on the daily.
Stop loss - either the MA20 (but as you can see often candles pierce below) or the lowest wick from the Dojis.
Target - I have been discussing whether this is a "M" or a "W". I am currently biased towards a W or even a Cup and Handle.
I suppose target is easy to calculate.
Good Luck!
Note
I would not consider the current candle a doji but ... well it is behaving as expected...meaning:- yesterday's doji at MA
- "W"/ Cup and Handle formation
=> let's wait for the reaction at the W or the C&H neckline.
Note
Restesting the MA20 daily:Note
BTC better behave here:Note
Note
Breaking downTrade closed: stop reached
Trade active
Possible bounce...indecision...Waiting on the triangle to resolve itself!Note
The W pattern is still in play:
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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.
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.