Hi fellow traders,
On the 4H ETHUSDT chart, I am applying Elliott Wave principles to outline a potential long setup.
Price has now entered the Blue Box, which is the area where I actively look for long opportunities. Within the OG Shotgun model, the Blue Box represents a liquidity zone where multiple tools come together to provide confluence.
Rather than chasing price, I prefer to position where risk is clearly defined and reward remains asymmetric. The current structure suggests that the correction may be nearing completion, while the larger bullish trend remains intact.
Entry: current price
Stop Loss: 1747.80
Take Profit: 2908.08
If price reacts from the Blue Box, it would support continuation towards the higher timeframe targets. If price breaks below the stop level, this setup is no longer valid.
Good luck and trade safe!
On the 4H ETHUSDT chart, I am applying Elliott Wave principles to outline a potential long setup.
Price has now entered the Blue Box, which is the area where I actively look for long opportunities. Within the OG Shotgun model, the Blue Box represents a liquidity zone where multiple tools come together to provide confluence.
Rather than chasing price, I prefer to position where risk is clearly defined and reward remains asymmetric. The current structure suggests that the correction may be nearing completion, while the larger bullish trend remains intact.
Entry: current price
Stop Loss: 1747.80
Take Profit: 2908.08
If price reacts from the Blue Box, it would support continuation towards the higher timeframe targets. If price breaks below the stop level, this setup is no longer valid.
Good luck and trade safe!
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。