~ My ideas should be taken as nothing more than experimental ~
Yellow A and E on chart denote Adam and Eve bottom. If price reaches the upper black horizontal line, the pattern will be confirmed, and the green box ($14,000-$14,500) will be a target for a nice trade. This is not to say that it can't go higher than the green box, but rather that if the pattern is confirmed, that target has a very high probability of being reached. Read about Adam and Eve bottoms here: thepatternsite.com/aedb.html
Yellow A and E on chart denote Adam and Eve bottom. If price reaches the upper black horizontal line, the pattern will be confirmed, and the green box ($14,000-$14,500) will be a target for a nice trade. This is not to say that it can't go higher than the green box, but rather that if the pattern is confirmed, that target has a very high probability of being reached. Read about Adam and Eve bottoms here: thepatternsite.com/aedb.html
Yorum:
Longer term, $100k is much closer than many (most?) realize.
