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KLAY PATTERN INSIDE A PATTERN INSIDE A PATTERN INSIDE A PATTERN
KLAY POSSIBLE TRADE SETUP
Risk to Reward: 6% vs 22% ( Maybe 67% , with even 10x leverage that is around 670% )
Today I will show you guys a PATTERN INSIDE A PATTERN INSIDE A PATTERN.
Maybe even 1 MORE PATTERN INSIDE those.
I'm PRETTY SURE & HOPEFUL you will LEARN & EARN something from this post. This is gonna be a big post, so bear with me.
The 3 patterns are FALLING WEDGE , DESCENDING TRIANGLE and HEAD & SHOULDERS. And the MAYBE PROBABLE PATTERN is a BEAR FLAG.
In the first chart, we will see a DESCENDING TRIANGLE in 1D timeframe. Descending triangle usually means continuation of trend. Before entering the triangle , we were in a downtrend. Descending triangle's ideal breakout target is HEIGHT of the triangle.
2nd chart : We go to 4H timeframe. A possible HEAD & SHOULDERS pattern forming. H&S ideal BREAKOUT TARGET is the height of the HEAD.
3rd Chart: We see a BIG FALLING WEDGE which got rejected from the RTL and heading towards STL now.
4th chart: The probable BEAR FLAG and PROBABLE PRICE ACTION.
Now the INTERESTING part comes, you see the LOW OPACITY YELLOW possible pathway and DIAGONAL LINE? That's my probable path for PRICE. And the diagonal line is the breakout target for the BEAR FLAG. How do I get that?
If the H&S PATTERN plays out, it will BREAK DOWN from the descending triangle too.
Now at that target there is a strong ZONE SUPPORT. We are likely to see a bounce from there , if the bounce comes back to the DESCENDING TRIANGLE's current STL that will CREATE the PROBABLE BEAR FLAG. You can & should take SOME profit at descending triangle's breakout target and add margin when & if it comes back to CREATE the BEAR FLAG.
And that bear flag's IDEAL BREAKOUT TARGET is around the STL of the BIG FALLING WEDGE.
Everything ALIGNS like a charm right ? These are all just speculations & my thoughts only. The whole scene might take 1-2months to playout.
Entry zone: 0.1919$-0.1947$
SL: 0.2035
Use proper POSITION SIZING & take ENTRY IN PARTS to minimize risk.
Non financial advise. Trade at your own risk. Do your own research.
Risk to Reward: 6% vs 22% ( Maybe 67% , with even 10x leverage that is around 670% )
Today I will show you guys a PATTERN INSIDE A PATTERN INSIDE A PATTERN.
Maybe even 1 MORE PATTERN INSIDE those.
I'm PRETTY SURE & HOPEFUL you will LEARN & EARN something from this post. This is gonna be a big post, so bear with me.
The 3 patterns are FALLING WEDGE , DESCENDING TRIANGLE and HEAD & SHOULDERS. And the MAYBE PROBABLE PATTERN is a BEAR FLAG.
In the first chart, we will see a DESCENDING TRIANGLE in 1D timeframe. Descending triangle usually means continuation of trend. Before entering the triangle , we were in a downtrend. Descending triangle's ideal breakout target is HEIGHT of the triangle.
2nd chart : We go to 4H timeframe. A possible HEAD & SHOULDERS pattern forming. H&S ideal BREAKOUT TARGET is the height of the HEAD.
3rd Chart: We see a BIG FALLING WEDGE which got rejected from the RTL and heading towards STL now.
4th chart: The probable BEAR FLAG and PROBABLE PRICE ACTION.
Now the INTERESTING part comes, you see the LOW OPACITY YELLOW possible pathway and DIAGONAL LINE? That's my probable path for PRICE. And the diagonal line is the breakout target for the BEAR FLAG. How do I get that?
If the H&S PATTERN plays out, it will BREAK DOWN from the descending triangle too.
Now at that target there is a strong ZONE SUPPORT. We are likely to see a bounce from there , if the bounce comes back to the DESCENDING TRIANGLE's current STL that will CREATE the PROBABLE BEAR FLAG. You can & should take SOME profit at descending triangle's breakout target and add margin when & if it comes back to CREATE the BEAR FLAG.
And that bear flag's IDEAL BREAKOUT TARGET is around the STL of the BIG FALLING WEDGE.
Everything ALIGNS like a charm right ? These are all just speculations & my thoughts only. The whole scene might take 1-2months to playout.
Entry zone: 0.1919$-0.1947$
SL: 0.2035
Use proper POSITION SIZING & take ENTRY IN PARTS to minimize risk.
Non financial advise. Trade at your own risk. Do your own research.
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.