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If we look at the 2013-2018 structure, waves A-B-C-D and E continued with consolidation within the Fibonacci numbers 23.6 - 38.2 then impulse upwards.
What makes it interesting is that after I looked at the weekly or monthly time frame, it turns out that there are still indications of an uptrend from the 2018 impulse to continue.
EXCEPT, bears force the price below 1.1$
1. Considering that in 2013, the low after the consolidation was not below wave C.
2. If it breaks, the pattern continuation will fail because it forms a double top pattern.
Just an idea, not a piece of advice!
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.
What makes it interesting is that after I looked at the weekly or monthly time frame, it turns out that there are still indications of an uptrend from the 2018 impulse to continue.
EXCEPT, bears force the price below 1.1$
1. Considering that in 2013, the low after the consolidation was not below wave C.
2. If it breaks, the pattern continuation will fail because it forms a double top pattern.
Just an idea, not a piece of advice!