Jedi0fAllTrades

Wave Pattern - Ending Diagonal & Smart Money Concept

Corto
FX:EURUSD   Euro/Dólar estadounidense
Here I was able to label the start of a 5 wave structure (1,2,3,4,5), the 5th wave is currently being formed (which is an ending diagonal and it isn't complete yet but I've labeled it as well. In this 5th wave which is an ending diagonal, I've also used the smart money concept to identify a distribution pattern which is in play, the break of structure which shows the market bias has changed, a stop hunt (liquidity raid) which further confirms the interests of large financial institutions and where their orders are. These two theories are the confluences that suggest a trend reversal.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.