VELO Bounce on 0.5

Could lead to retest 0.618-0.886 locally, ideally upper trendline, before continuing lower

Once triggered 0.886, 1.272 comes right as next target.

Dip below 0.5 and instantly continue descent

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İşlem kapandı: hedefe ulaştı:

it might go a bit higher but really expect it to tank at least once more and re-test the uptrend channel too

Yorum:

As long as local 0.886 holds it could go from here and break the red channel

If it dips below, next buy zone would be local 1.272 / major 0.618 confluence.

if the orange trend is lost, see you much lower, major 0.886

Yorum:

bouncin here off 0.886, if it drops below 0.886, immediate follow through to 1.272

Yorum:

price has not yet managed to break trend, so caution.

if 0.382 doesnt hold, 0.618-0.886 will be next, if 0.886 fails, then the lower 1.272 major box

Yorum:

0.886 has hold (so far) and we got a bounce. has to break trend next or it will probably fail to hold 0.886 on next try

Yorum:

violate 0.886 another time, which increases likelyhood of 1.272 unless it goes sharp up from here

İşlem aktif:

got the bounce in the zone

Yorum:

knew I had seen that kind of triangle and breakdown before, not my favorized outlook, but similiarities are nice