History doesn't repeat but it rhymes
On that note, it appears that there's one more leg up before a correction
Strategy: Ride this leg up (Long), then with a rejection confirmation (short) down to the 61.8 fib retracement level.
1. The current triangle needs to be confirmed with another touch on the top line.
2. if (1.) is true, look to accumulate on the bottom line
3. Sell at the target price for a 28% gain
4. Wait for confirmation that there is a strong rejection at the target price
5. Wait for a bearish indicator showing reversal
6. When (4. and 5.) is true, go short
7. close short at the 61.8% fib retracement level
IMO/DYOR
On that note, it appears that there's one more leg up before a correction
Strategy: Ride this leg up (Long), then with a rejection confirmation (short) down to the 61.8 fib retracement level.
1. The current triangle needs to be confirmed with another touch on the top line.
2. if (1.) is true, look to accumulate on the bottom line
3. Sell at the target price for a 28% gain
4. Wait for confirmation that there is a strong rejection at the target price
5. Wait for a bearish indicator showing reversal
6. When (4. and 5.) is true, go short
7. close short at the 61.8% fib retracement level
IMO/DYOR
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.
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.