My harmonic was too small apparently for last week's markup because it created a bigger one off the weekly for a 140+ drop. So marked it up for this week analysis.
The bearish trendline is major respected thanks to the long wick rejection from the 1.51498 area.
Price even broke through a solid support level at 1.50138 to confirm we are in a downtrend.
Looking for a pullback to 1.50138 or monthly zone in red before continuing further down.
BEAR TPS:
The bearish trendline is major respected thanks to the long wick rejection from the 1.51498 area.
Price even broke through a solid support level at 1.50138 to confirm we are in a downtrend.
Looking for a pullback to 1.50138 or monthly zone in red before continuing further down.
BEAR TPS:
- 1.49906
- 1.49292
If breaks though weekly... - 1.48805
Catatan
Currently broke through trendline and has now passed the monthly. Awaiting retest to confirm a buy entry near 1.50458Catatan
And the old saying for trading is: "You can marry a pair, but never its direction."That is a saying I failed to follow this round, or I would've had bull tps in place just in case it didn't go where I charted. Oh well. Lesson re-learned. Will do better next round.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.