Well, since my last trade in wich I closed it manually.. I must say that it went quite well because I have closed in a nice profit! (used 10x leverage). So, I decided to continue with my "pattern project", and started a long position. Let's see if this pattern continues to play out.
Pros. I think we are going to try to test the ema ribbon, at this moment we are a little bit far away from it. And I quite feel that the market sentiment at this point is in complete disbelief. Rsi + Stoch Rsi are both align on the lower part.
Cons. The are 2 red lines I have placed. A double top and a head and shoulders. Both lines are the neck lines of this patterns we broke out. Probably we will try to test those lines. So, I would check the price action really close and set some alarms during this period...
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