We seem to be forming a solid falling wedge on the 4HR chart for LEO futures on FTX.
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com/fallwedge.html
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com/fallwedge.html
Dagangan ditutup: sasaran tercapai
I personally missed entry on this one as I expected one last fall, but target achieved regardless.
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.