As time goes by, the markets evolve...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / support or resistance
Dotted lines; Possible price-action trajectories / trend
Most recent and/or relevant patterns within the Alpha pattern(ST/Bullish Pennant ):
Boldest orange trend line: FW , a.k.a. the beta pattern.
Orange trend line: RBW , bullish trend but bearish break out.
Purple trend line: FBW in combination with a neck & shoulder pattern, bearish break out. A small one though.
Blue resistance line: FW in the RBW. If this breaks out, this could retest the resistance of the RBW.
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Quick update of today's forecast. It's currently looking bullish. After reaching the target, I have started building a long position from the support region. It's looking like the bears are going to be merciful this Christmas. But we'll see, anything can still happen from this point. Anyway, I would like to take this opportunity to wish everybody a merry x-mas.
Exit long position / Entry short position target: $7.8K - $8K region.
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If you don't want to miss out on any of my daily technical analysis . Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM or leave a comment and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / support or resistance
Dotted lines; Possible price-action trajectories / trend
Most recent and/or relevant patterns within the Alpha pattern(ST/Bullish Pennant ):
Boldest orange trend line: FW , a.k.a. the beta pattern.
Orange trend line: RBW , bullish trend but bearish break out.
Purple trend line: FBW in combination with a neck & shoulder pattern, bearish break out. A small one though.
Blue resistance line: FW in the RBW. If this breaks out, this could retest the resistance of the RBW.
--
Quick update of today's forecast. It's currently looking bullish. After reaching the target, I have started building a long position from the support region. It's looking like the bears are going to be merciful this Christmas. But we'll see, anything can still happen from this point. Anyway, I would like to take this opportunity to wish everybody a merry x-mas.
Exit long position / Entry short position target: $7.8K - $8K region.
--
If you don't want to miss out on any of my daily technical analysis . Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*), DM or leave a comment and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
