Looks like a text book Bull Hammer on the daily, right off the .382 for the potentially start of Wave 5.
9 hours left to see what the next candle motion is going to do.
If this 5th wave fails to take off, we will head down for a new Lower Low (LL) on the daily, and it confirms we will probably head down for a LL on the weekly.
We need this 5th Wave to come to fruition and to break $10kUSD, or we have failed to rally for a new Higher High (HH) on the weekly, and we will be heading back down probably until the end of the year.
This is almost make or break for a downtrend we have been fighting all year.
I'm still feeling neutral with both bullish and bearish sentiments.
Failure of this 5th wave to start is confirmation of a real inverted head and shoulders forming (not shown on this chart)
Remember Im not a financial advisor and I never claim to be. I cannot be held liable for any losses.
Trade safe, chart your own charts, and wipe your arse after sharts.
Frothmonster <3
9 hours left to see what the next candle motion is going to do.
If this 5th wave fails to take off, we will head down for a new Lower Low (LL) on the daily, and it confirms we will probably head down for a LL on the weekly.
We need this 5th Wave to come to fruition and to break $10kUSD, or we have failed to rally for a new Higher High (HH) on the weekly, and we will be heading back down probably until the end of the year.
This is almost make or break for a downtrend we have been fighting all year.
I'm still feeling neutral with both bullish and bearish sentiments.
Failure of this 5th wave to start is confirmation of a real inverted head and shoulders forming (not shown on this chart)
Remember Im not a financial advisor and I never claim to be. I cannot be held liable for any losses.
Trade safe, chart your own charts, and wipe your arse after sharts.
Frothmonster <3
Don't forget this is never financial advice, simply some ideas thrown around for discussion and contemplation.
Always check your your own charts, like you check after sharts
Always check your your own charts, like you check after sharts