I see this as a clear technical short considering three things.
1. Clear bearish rsi divergence
2. What appears to be a 3rd wave extension beneath what is now the 5th wave.
3. A fractal pattern involving truncated 5th waves on smaller time frames
That being said parabolic runs are risky and an attempt to liquidate a bunch of the shorts might lead to fomo causing another parabolic bounce.... Trade wisely, but if this isnt just a nasty fakeout, this trade looks pretty solid, just wait for confirmation.
1. Clear bearish rsi divergence
2. What appears to be a 3rd wave extension beneath what is now the 5th wave.
3. A fractal pattern involving truncated 5th waves on smaller time frames
That being said parabolic runs are risky and an attempt to liquidate a bunch of the shorts might lead to fomo causing another parabolic bounce.... Trade wisely, but if this isnt just a nasty fakeout, this trade looks pretty solid, just wait for confirmation.
Not
yup, a little close with that stoploss though... sorry if you were overleveraged
İlgili yayınlar
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.
İlgili yayınlar
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.