We seem to be forming a solid falling wedge on the 4HR chart for LEO futures on FTX.
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com/fallwedge.html
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com/fallwedge.html
İşlem kapandı: hedefe ulaştı
I personally missed entry on this one as I expected one last fall, but target achieved regardless.
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.