Long
SWT
Flag/Pennant correction pattern
Flags fly at half mast- this pattern typically happens half way up a large price move
Movement needs to take a breath.
Watch for last point on Elliot wave correction- Even better (more BULLish) if it violates the lower boundary and returns to pattern.
Risky entry- buy on reversal candle at point 5
Conservative entry- set trigger above pattern
BTRX order book looks stacked against the movement and based off this only- would expect it to break south with BEARS
We will see- use a trigger
Flags fly at half mast- this pattern typically happens half way up a large price move
Movement needs to take a breath.
Watch for last point on Elliot wave correction- Even better (more BULLish) if it violates the lower boundary and returns to pattern.
Risky entry- buy on reversal candle at point 5
Conservative entry- set trigger above pattern
BTRX order book looks stacked against the movement and based off this only- would expect it to break south with BEARS
We will see- use a trigger
Nota
looks like a clear violation of pattern line- - broken by 1-3%
- candle closed outside pattern (not just wick)
if multiple candle closes outside pattern will confirm
look out below
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.