XBTUSD has broken to the bottom of the H4 ascending triangle structure that we have been forming since the start of August 2020. Since then, we have re-tested the underside of the trend and rejected, and have progressively been making lower highs and lower lows.
We have now formed a parallel channel, creating a trending short opportunity, with a target at the bottom of the range at 10,560.
There are 3 major potential Gann based S9 pivot points coming up. The price action response during this window will determine whether this setup is invalidated. There is also a potential double bottom forming at the centre of the range. A break and close above 11,629 will invalidate the short opportunity.
We have now formed a parallel channel, creating a trending short opportunity, with a target at the bottom of the range at 10,560.
There are 3 major potential Gann based S9 pivot points coming up. The price action response during this window will determine whether this setup is invalidated. There is also a potential double bottom forming at the centre of the range. A break and close above 11,629 will invalidate the short opportunity.
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.