The correction went even lower than I expected, and we even broke below the correction channel.
For my current wave count to be valid, we cannot go below 61.44 (black wave 1).
Considering the oversold RSI and the 3 waves down (green) to form blue wave C, I won´t take any short trades, even if the current trend is totally bearish.
I am waiting for price to go back into the channel to look for a reversal pattern and go long, with first target at $130 resistance.
For my current wave count to be valid, we cannot go below 61.44 (black wave 1).
Considering the oversold RSI and the 3 waves down (green) to form blue wave C, I won´t take any short trades, even if the current trend is totally bearish.
I am waiting for price to go back into the channel to look for a reversal pattern and go long, with first target at $130 resistance.
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🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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İlgili yayınlar
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.
📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
İlgili yayınlar
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.