How to read this chart:
3 Fibs
Orange Fib: Short term daily measuring the ABC wave structure
Blue Fib: Medium term daily measuring the last wave 4-5 retracments
Red Fib: Long Term daily structure measuring the full 1-5 wave structure
Personally I am looking to short this retest of the neckline of the double top on the daily (Orange 0.618 retracement) and look to trade lower to the around $24 (Red 0.382 retracement & Blue 0.5 retracement). From here look to create some form of double bottom, trade to the highs of $34 again then trade lower again creating this nice Large distribution range, which we will probably trade in for about 1 Year.
3 Fibs
Orange Fib: Short term daily measuring the ABC wave structure
Blue Fib: Medium term daily measuring the last wave 4-5 retracments
Red Fib: Long Term daily structure measuring the full 1-5 wave structure
Personally I am looking to short this retest of the neckline of the double top on the daily (Orange 0.618 retracement) and look to trade lower to the around $24 (Red 0.382 retracement & Blue 0.5 retracement). From here look to create some form of double bottom, trade to the highs of $34 again then trade lower again creating this nice Large distribution range, which we will probably trade in for about 1 Year.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.