THCBTC - Chance?
First of all, i am not a financial advisor and this is not to be taken as a investment opportunity. I am a newb trader and making first steps in TA.
Looking at the current downtrend of THC, wave 4 has just begun.
I am using the fib retracement reversed, as i want to measure the retracement of the downtrend. I hope that is clear to everyone.
As you can see wave 2 retraced by 61.8%, that's why i am shooting for 38.2% retracement of wave 3.
BUT wave 3 hasn't hit the lower downtrend line yet. So it still might dip a bit before it goes back up.
That could make 60% in 10 days, with a RR of 1.75:1 with stop loss below downtrend channel.
What do you guys think?
Do you think it's possible? Risky? Or a sure shot?
Leave a comment on my first published analysis! :)
Thanks for reading guys!
Saki
Looking at the current downtrend of THC, wave 4 has just begun.
I am using the fib retracement reversed, as i want to measure the retracement of the downtrend. I hope that is clear to everyone.
As you can see wave 2 retraced by 61.8%, that's why i am shooting for 38.2% retracement of wave 3.
BUT wave 3 hasn't hit the lower downtrend line yet. So it still might dip a bit before it goes back up.
That could make 60% in 10 days, with a RR of 1.75:1 with stop loss below downtrend channel.
What do you guys think?
Do you think it's possible? Risky? Or a sure shot?
Leave a comment on my first published analysis! :)
Thanks for reading guys!
Saki
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.