I want to state very clearly this is NOT a complete pattern therefore it is NOT valid yet. I am creating this new thread to continue the analysis I begun in December, as that thread ran on too long in the comments, every call there was correct and it extends from December to February:
I trade positionally, I do not trade small swings. So I have been waiting for a sign, some sort of indication of a larger trend forming on the longer timeframes, after I predicted the price recently topped at 10550.
This might be something, it might not. At the moment that's all we know. I will continue to update my thoughts here...
With the disclaimer as always that if you think I am interested in your opinion, you are mistaken.
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Already had a question about this, since apparently people can't fkin read.
IT'S AN INCOMPLETE PATTERN THEREFORE MEANINGLESS RIGHT NOW - The right shoulder may well dip further...
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Let's have some updates on the daily. We're hovering around that old S/R. The C&H pattern I mentioned in an earlier thread, alongside the inverted H&S is starting to form:
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On the W, we have used the 50MA as support. This is positive.
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Is it enough for me to pull the trigger on my bids? Not yet. But i'll tell you lot something, it's getting close.
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Herein lies a valuable lesson in patience. No pattern is valid until it's complete. We will see support at the 100MA in the next instance. After that we will wait and observe
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The original ascending triangle is still very much in play on the D
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@hubavka you were the chosen one and yet there you are making predictions off a 60m chart.
How the mighty have fallen.
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If we are going to bounce anywhere it'll be here. Notice the 100MA support and that same 40RSI:
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Also coincides with full retrace of ascending pizza
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If we bounce there, then it's... interesting. But i'll keep my thoughts on that to myself for now.
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.
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.