POSSIBLE EOS RESVERAL

28 Kas 2019

EOSUSD tested the multiyear trendline and held, On the 1D we observe an inverted three rising valley pattern (quite visible on the inverted chart) which is an indication of the short term reversal.


targets for the completed pattern is $4.79 i indicate take profit zones to manage the trade
The trade is invalidated if price trade below $2.45.

7 Ara 2019

Not

i felt i should update this idea as its about a week old. As more data comes through the reversal pattern get more obvious on lower time frames. A potential Ascending triangle is in the making.

16 Ara 2019

İşlem kapandı: durdurma seviyesi

28 Ara 2019

Not

i feel i should update this idea.
this update is just to highlight my mistake while i initially interpreted price action

the trade idea or pattern is very much valid or correct but i failed to recognize the fractal occurring within this pattern

we can observe price action formed a mountain (red) and a hill(red) in two consecutive sequence . hence i should have expected the hill to form before the expecting next mountain


The fractal could also be represented as these triangles

6 Şub 2020

İşlem kapandı: hedefe ulaştı

yh..it took a while and some detours but in the end the market played out very well