I would not be surprised to see it double ,
nor would i be surprised to see it test the daily 20 moving average before going up again, which currently coincides with the bottom of the gann-fan channel.
But yes, that would mean an entry around 6300 and an exit around 22000 for a cool x2.5.
Counter-indicator would be touching below the 0.236 fib of the current move, or a daily close below the 20MA or the .382 fib - which are closely aligned at the moment around 6300 - also the bottom of the Gann-fan channel. So that's critical. I'll draw a red box there. This needs to hold and not be closed below.
Potentially, the trendline drawn from earlier peaks may end up the bottom of an ascending wedge for a while while we try to break back out into the next Gann-fan channel.
Suggested trade would be:
Buy the succesful retest of B and hold. Partial profits at A and get out entirely when we touch the top of the next Gann-fan channel.
Should we go into the upper Gann channel, unlikely, super-moon target would be the 2.618 fib at 28791
Not a buy signal right now, but if you're long : I would take partial profits here and buy the retest. Also, good job.
nor would i be surprised to see it test the daily 20 moving average before going up again, which currently coincides with the bottom of the gann-fan channel.
But yes, that would mean an entry around 6300 and an exit around 22000 for a cool x2.5.
Counter-indicator would be touching below the 0.236 fib of the current move, or a daily close below the 20MA or the .382 fib - which are closely aligned at the moment around 6300 - also the bottom of the Gann-fan channel. So that's critical. I'll draw a red box there. This needs to hold and not be closed below.
Potentially, the trendline drawn from earlier peaks may end up the bottom of an ascending wedge for a while while we try to break back out into the next Gann-fan channel.
Suggested trade would be:
Buy the succesful retest of B and hold. Partial profits at A and get out entirely when we touch the top of the next Gann-fan channel.
Should we go into the upper Gann channel, unlikely, super-moon target would be the 2.618 fib at 28791
Not a buy signal right now, but if you're long : I would take partial profits here and buy the retest. Also, good job.
Ghi chú
Looks like a proper retest is getting unlikely. If you're looking for an entry, try touches of the upward trendline, or 15-minute retracements to the 50 moving average.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.