Hi Traders,
If you look at the overall structure, you can say its a descending triangle in an uptrend, which also fits into one of Wyckoff's re-schematic 1 structure.
For now, its almost breaking the lower level with a "W" double bottom formation of this re-accumulation stage. (lime path)
Along with a harmonic to support the upward pressure with 2 targets and it fits well to the resistance trend line of the ascending triangle.
With this large macro formation, I have the expectations for it to break its ATH and like the last run, be impressive.
How to trade this?
It depends on your strategy.
1) Buy now, as its on a support level and just HODL;
2) Enter after breaking the 0.5 fib level and red resistance trend line;
3) Enter after clearing the daily 10 and 20 ema;
4) Enter after clearing the x2 daily ema's along with the fib and trend line;
Please give me a like or tick for this post.
Regards,
S.SAri
BIG PICTURE
If you look at the overall structure, you can say its a descending triangle in an uptrend, which also fits into one of Wyckoff's re-schematic 1 structure.
For now, its almost breaking the lower level with a "W" double bottom formation of this re-accumulation stage. (lime path)
Along with a harmonic to support the upward pressure with 2 targets and it fits well to the resistance trend line of the ascending triangle.
With this large macro formation, I have the expectations for it to break its ATH and like the last run, be impressive.
How to trade this?
It depends on your strategy.
1) Buy now, as its on a support level and just HODL;
2) Enter after breaking the 0.5 fib level and red resistance trend line;
3) Enter after clearing the daily 10 and 20 ema;
4) Enter after clearing the x2 daily ema's along with the fib and trend line;
Please give me a like or tick for this post.
Regards,
S.SAri
BIG PICTURE
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This community has signals now but with no risk management comms.
