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Hr 1 is slowly but steady ramping up, forming an ark, its important that we start trading above the white EMA. After that look for a break down of the ark trendline.
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Price is respecting the ark, and now we are trading above the EMAs
W partterm has formed in the StochRSI
Price is respecting the ark, and now we are trading above the EMAs
W partterm has formed in the StochRSI
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We have broke to Important level if Resistance, Ark + Descending trendline, WE are in a daily TD sequential 2 green trading above 1, which is theory is a nice entry!
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Ascending triangle breakout.
Ascending triangle breakout.
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I decided to apply Elliot wave to the break out of the triangle. As long we are not trading bellow wave #4 the theory stand.