Hello TradingView Family / Fellow Traders,
For those who know me, I always enjoy studying previous price action.
📌Today, I want to share an interesting pattern I found on ETH.
Back in Summer 2021, ETH experienced a parabolic bullish impulse (depicted in blue), followed by a correction (shown in purple) to reject the $3000 support before commencing another bullish impulse movement.
If we apply the same logic to the current price action, ETH is currently in the correction phase, rejecting the $3000 support.
Thus, I will be looking for buy setups on lower timeframes, speculating on the next bullish impulse movement.
Of course, this pattern will be invalidated if the $3000 mark is broken downward.
🗒 What do you think? Will history repeat itself?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember:
All Strategies Are Good; If Managed Properly!
~Rich
For those who know me, I always enjoy studying previous price action.
📌Today, I want to share an interesting pattern I found on ETH.
Back in Summer 2021, ETH experienced a parabolic bullish impulse (depicted in blue), followed by a correction (shown in purple) to reject the $3000 support before commencing another bullish impulse movement.
If we apply the same logic to the current price action, ETH is currently in the correction phase, rejecting the $3000 support.
Thus, I will be looking for buy setups on lower timeframes, speculating on the next bullish impulse movement.
Of course, this pattern will be invalidated if the $3000 mark is broken downward.
🗒 What do you think? Will history repeat itself?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember:
All Strategies Are Good; If Managed Properly!
~Rich
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.