Judging by the structure, if the vector is correctly identified, then on the ETH instrument, a rise to 3400–3600 remains relevant until the first serious correction (this idea would be invalidated in that case).
As for the potential trade — a breakout of the local highs amid global chaos and during the formation of wave 4 of a 5-wave structure. Typically, during the formation of wave 4, there is more media involvement, more noise, and panic.
I’m observing and planning to enter this trade.
Do not follow my vision blindly, as it could be detrimental to you.
As for the potential trade — a breakout of the local highs amid global chaos and during the formation of wave 4 of a 5-wave structure. Typically, during the formation of wave 4, there is more media involvement, more noise, and panic.
I’m observing and planning to enter this trade.
Do not follow my vision blindly, as it could be detrimental to you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
