HI Traders,
The macro formation looks like a broadening wedge on one hand that has potentially one more impulse cycle (blue)
or the 2nd scenario where its done its high and is looking for the breakdown (red).
The RSI seems to suggest that we have the blue as the possible cycle.
For now, we need to see it break this descending channel to the upside so the breakout line is clear as an entry.
Note, I made an assumption that Neo will hit the bottom of the trendline and hence I measured the fib extension from that point
If it fails to break that channel, then its likely it will then go to the root of that structure.
All the best,
S.SAri
Macro overview
s3.tradingview.com/snapshots/z/zBt0Vkal.png
The macro formation looks like a broadening wedge on one hand that has potentially one more impulse cycle (blue)
or the 2nd scenario where its done its high and is looking for the breakdown (red).
The RSI seems to suggest that we have the blue as the possible cycle.
For now, we need to see it break this descending channel to the upside so the breakout line is clear as an entry.
Note, I made an assumption that Neo will hit the bottom of the trendline and hence I measured the fib extension from that point
If it fails to break that channel, then its likely it will then go to the root of that structure.
All the best,
S.SAri
Macro overview
s3.tradingview.com/snapshots/z/zBt0Vkal.png
ملاحظة
An update on the chart, looking for this potential formation.s3.tradingview.com/snapshots/c/CVpLWJpU.png
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.