Hello traders !
This analysis is made on pure market structure !
You can see this analysis is based on The Elliot Wave Theory.
There are corrections (i - ii - iii) and waves (1 - 2 - 3 - 4 - 5 - 6) as you can see on the chart. After structure had been done,it has cretaed a Double Bottom pattern and then price shooted to the moon 😀.
Now we have the same scenario. Bullish engulfing confirmed The Double bottom pattern so we can enter long positions. If you are a bit lost in the structure,you can see a market structure scheme below. So compare it and say: "Nice ! History is repeating itself" !!!
Thank you for reading !
This analysis is made on pure market structure !
You can see this analysis is based on The Elliot Wave Theory.
There are corrections (i - ii - iii) and waves (1 - 2 - 3 - 4 - 5 - 6) as you can see on the chart. After structure had been done,it has cretaed a Double Bottom pattern and then price shooted to the moon 😀.
Now we have the same scenario. Bullish engulfing confirmed The Double bottom pattern so we can enter long positions. If you are a bit lost in the structure,you can see a market structure scheme below. So compare it and say: "Nice ! History is repeating itself" !!!
Thank you for reading !
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.