ETC correcting to near the channel bottom.

As seen in the previous impulse leg, we went back to areas around the last market structure high. Similar action could happen again, for potential targets consider the bottom of the channel, the 0.618 fib retracement and the high of the last impulse move. We have broken support around the 0.382 retracement level and seeing a little pullback from the down move, good time to enter the market short. Plain and simple.

Commentaire:

Daily MACD looking like a bearish crossing.

Commentaire:

Careful, if we bounce off that green trend line be prepared to exit the trade.

Commentaire:

Not looking bad after all, retest of resistance at 0.06850 rejected three times. I think I missed some support area below there, which is tested currently. Lets break it, and if the trend line doesn't hold we are golden. Moved my stop lower, I don't want to see any higher highs here.

Trade fermée: ordre d’arrêt atteint:

Got stopped for a tiny profit. Apparently, I missed that huge fucking triangle :D