Hi friends,
I'm back again with another idea!
This is a 6 hour chart of EOS/USD.
- long term trend: up
- short term trend: down
*It is my opinion that we have finished a set of waves: i,ii,iii,iv,v. Wave i&iii retracement are marked by yellow box.
*Although we are trading above EMA50/MA50 at higher TF, I still expect another corrective wave down, which will give us a possible buy zone. Marked by the green boxes.
-->The first buy zone is formed by previous low. Wave C can end here. This means we re-test .618 level of the whole leg (blue tool), and re-continue the uptrend.
-->The red boxes are cloned, they represent the same price range. If we have a 1:1 move down of wave A and C, this will bring us to .786 fib ext. of the whole leg. (Blue on the right). Wave C can also end here. This is the second buy zone.
Good luck!
I'm back again with another idea!
This is a 6 hour chart of EOS/USD.
- long term trend: up
- short term trend: down
*It is my opinion that we have finished a set of waves: i,ii,iii,iv,v. Wave i&iii retracement are marked by yellow box.
*Although we are trading above EMA50/MA50 at higher TF, I still expect another corrective wave down, which will give us a possible buy zone. Marked by the green boxes.
-->The first buy zone is formed by previous low. Wave C can end here. This means we re-test .618 level of the whole leg (blue tool), and re-continue the uptrend.
-->The red boxes are cloned, they represent the same price range. If we have a 1:1 move down of wave A and C, this will bring us to .786 fib ext. of the whole leg. (Blue on the right). Wave C can also end here. This is the second buy zone.
Good luck!
Giao dịch đang hoạt động:
Giao dịch đang hoạt động:
broken out from rising wedge.
Let's see if it touches our buy zone!
broken out from rising wedge.
Let's see if it touches our buy zone!
Giao dịch đang hoạt động
Bình luận:
Bình luận:
i don't have a short, i am just waiting for a buy. if you do 14 is a good sl
Đã hủy lệnh:
Blue box: in the original post, I counted the blue box as 5 wave down. And what that tells me is that the corrective pattern is not finished because a 5wave down corrective pattern cannot stand on its own. Which I found confluence as I anticipated a drop below MA55 on higher TF. That did not happen.
Now that I look at it, the chart fits better if we draw a simple ABC correction.
This means we are still in an uptrend and we can open our long position.
I will slowly add long positions at pull back.
Blue box: in the original post, I counted the blue box as 5 wave down. And what that tells me is that the corrective pattern is not finished because a 5wave down corrective pattern cannot stand on its own. Which I found confluence as I anticipated a drop below MA55 on higher TF. That did not happen.
Now that I look at it, the chart fits better if we draw a simple ABC correction.
This means we are still in an uptrend and we can open our long position.
I will slowly add long positions at pull back.
Bình luận:
Giao dịch đang hoạt động:
Bình luận:
motive wave cannot pass my labeleld 'B'
Green boxes are still feasible
Green boxes are still feasible
Giao dịch đang hoạt động:
Approaching buy zone
Bình luận:
Reached 8 dollars
Đóng lệnh: đạt mục tiêu:
7 dollars reached.
Lay orders at the second green box, too.
Lay orders at the second green box, too.
Giao dịch đang hoạt động:
Heading to second buy zone
Bình luận:
long
$18.6 / $4.5 = 413%
**I hope you all lay your orders! IF it gets filled, it will be an early Christmas present! And we are still in January :)