DIA

On the above 2-day chart price action has corrected 95% since the double top in May 2021. A number of reasons now exist to be long, including:

1) The ‘incredible buy’ signal.

2) Price action has now corrected to the 0.786 Fibonacci level following confirmation of the ‘buy’ signal.

3) A falling wedge pattern + breakout is confirmed.

4) Everything that was said above is also true for the BTC pair (below).

5) Nudge nudge wink wink. Don’t know what I mean? Shame.

Is it possible price action falls further? Sure.

Is it probable? Highly unlikely.

Good luck!

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: 1 - 3 months
Return: 10x



2-day BTC pair

Bình luận:

Correction on point 2) Bull flag, not wedge.

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Bình luận:

nudge nudge wink wink

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What if conditions met

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Price action breaks out of resistance