$VET - Extended V Bottom Reversal BULLISH (LONG) 1 Hour
1 Hour Chart Analysis
Entry - Current Price
Exit - $0.232505
Leverage - 10 x
Risk to Reward - 10 to 1
Extended V Bottoms: Identification Guidelines
Downtrend -Look for price to make a straight-line run downward with few or no pauses, often fitting inside a channel.
Reversal - Price at the bottom of the V will form a one-day reversal, island reversal, or tail, usually on heavy volume, perhaps gapping upward.
Trendline - After the reversal, price pierces a down-sloping trendline drawn along the price tops, confirming the trend change.
Uptrend - Price trends up, usually at the mirror angle of the downtrend. If price dropped by 30 degrees, price will rise following a similar angle.
Extension The extended V bottom is a variation on the V bottom. After price reverses at the bottom, price forms a flag or pennant pattern – a sideways price move that often swings downward against the prevailing upward price trend. Once the flag completes, price resumes the rise.
VET Looking Juicy, with a extended V bottom Reversal at play on the 1 hour.
Targeting the daily order block resistance for a very juicy risk to reward!
Best of luck and may the gains be with us
Entry - Current Price
Exit - $0.232505
Leverage - 10 x
Risk to Reward - 10 to 1
Extended V Bottoms: Identification Guidelines
Downtrend -Look for price to make a straight-line run downward with few or no pauses, often fitting inside a channel.
Reversal - Price at the bottom of the V will form a one-day reversal, island reversal, or tail, usually on heavy volume, perhaps gapping upward.
Trendline - After the reversal, price pierces a down-sloping trendline drawn along the price tops, confirming the trend change.
Uptrend - Price trends up, usually at the mirror angle of the downtrend. If price dropped by 30 degrees, price will rise following a similar angle.
Extension The extended V bottom is a variation on the V bottom. After price reverses at the bottom, price forms a flag or pennant pattern – a sideways price move that often swings downward against the prevailing upward price trend. Once the flag completes, price resumes the rise.
VET Looking Juicy, with a extended V bottom Reversal at play on the 1 hour.Targeting the daily order block resistance for a very juicy risk to reward!
Best of luck and may the gains be with us
İşlem kapandı: durdurma seviyesi
420Fam
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.
420Fam
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.