In addition to the Bullish Wolfe Wave it also looks like there's potential for an Inverse Head & Shoulders if it reaches 0.00021000 again.
Safest thing would be to wait for to pass the neckline before entering a trade...
Safest thing would be to wait for to pass the neckline before entering a trade...
Note
There's the completion of the right shoulder, may need to recharge a bit before breaking for the target, but looking good:Note
Took some profit here because it hit my target for the Bullish Wolfe Wave, it's pretty overbought on the 5 & 15 min charts, and if it stalls here there's a possible Bearish Wolfe Wave:Doesn't mean it won't eventually reach the Inverse Head & Shoulders target, but I'm just being safe. Can always buy back in.
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OMG the suspense...bollinger bands are tight as hell, that triangle is just finishing up, stochastic low on 5 min, medium on 15, high on 30 & 60, low on some higher timeframes and high on others...the target for a triangle breakout matches up with the inverse head & shoulders target but there's an equally likely target the other way...IT COULD GO EITHER WAY!!Note
Well so far it's looking like the bearish wolfe wave lol - but it doesn't mean it won't reverse and eventually hit the H&S target. For now I'm out though until something new is obviousNote
some lines to watch:
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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.