ETHUSDWe got a symmetric triangle forming with volume decreasing. My bias is we're going drop once we get to the end of this triangle but I won't let me bias affect how I trade this. I will be waiting for confirmation of either direction. Be careful of both bull traps and bear traps. We could easily wick up and come crashing down. Wait for a close above or below (ideally with volume)
Dagangan aktif
Started to fall once we poked the upper trend line of our triangle. This E wave channel is right on support, will be watching closely.
Nota
My shorts stop got hit at 205. Sold the pump and will be remaining short. Still counting this as my E wave. Watching closelyNota
"E Waves (Wave E)Wave E shows up as the last wave in horizontal triangles. It will often stage a false break of the trend line on the boundary of the triangle before the market takes off in the opposite direction. If the triangle was a Wave 4 in a rising impulse, it would instill a bearish conviction before the market shot up to produce Wave 5. Thus Wave E is often attended with emotional psychology playing against the investor."
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.