Hello everyone
The price has formed a rising wedge pattern, breaking the support of the pattern, I expect a retracement to the 61.8 fibonacci level to position myself short to the -0.618 fibonacci level.
To confirm the movement I will wait for the price to show some reversal price candle pattern to confirm the downward movement.
The daily price structure is bullish, but this depletion pattern could indicate a price pullback before the next bullish momentum.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
The price has formed a rising wedge pattern, breaking the support of the pattern, I expect a retracement to the 61.8 fibonacci level to position myself short to the -0.618 fibonacci level.
To confirm the movement I will wait for the price to show some reversal price candle pattern to confirm the downward movement.
The daily price structure is bullish, but this depletion pattern could indicate a price pullback before the next bullish momentum.
You can leave your opinion below, thanks
Trader Dark Eyes
Information about the chart:
White line: TF 1D
Yellow Line: TF 12H
Gray Line: TF 4H
Blue arrow: Possible projection
Horizontal white line: Supports and resistance
Red line: Channels and patterns
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.