Descending triangle breakout
looking for a direction from this triangle with a bias on the bull side for a completion of wave 2
triangles typically occur in wave 2 or wave 4; however you can choose not to trade until confirmation of a breakout or breakdown occurs, if we breakout to the upside expect bullish momentum for a wave 3 that could retest ATH
triangles typically occur in wave 2 or wave 4; however you can choose not to trade until confirmation of a breakout or breakdown occurs, if we breakout to the upside expect bullish momentum for a wave 3 that could retest ATH
Trade fermée manuellement
Trade closed @ 37529. Safe trade here, will look for another opportunity when there is clarity.Note
I have an alternate wave count which puts this level as a potential C wave, implying a final C wave that would break the low of 30k. Instead of risking profits, I can wait for this wave cycle to complete higher near the 40k-41k area and then re-enter during an ABC pullback if the pattern is created.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.