This is a short based of an ABCDE pattern. We are on the final leg down going from D to E and I have pinpointed an entry at the box I have drawn.
Once the price enters the box, it will start falling creating a head and shoulders pattern which is a bearish pattern. This will further confirm the trade.
The entry will be right below the box at $24.44
Stop loss is set above the previous high at $24.96.
Take profit is at $22.14 found by using the Fibonacci tool and also using a trend line (red line) which was found on the weekly timeframe.
Once the price enters the box, it will start falling creating a head and shoulders pattern which is a bearish pattern. This will further confirm the trade.
The entry will be right below the box at $24.44
Stop loss is set above the previous high at $24.96.
Take profit is at $22.14 found by using the Fibonacci tool and also using a trend line (red line) which was found on the weekly timeframe.
İlgili yayınlar
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.
İlgili yayınlar
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.