Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached below), we were waiting for the bulls to take over, by first rejecting the support then breaking above the upper gray trendline.
However, the bulls were too strong and broke the gray trendline before forming the third swing around it as per my trading plan.
UPDATE: ETH is now forming a potential big inverse head and shoulders pattern, marked by orange arcs.
For the bulls to take full control, we need a momentum candle close above the gray neckline which covers the entire pattern/structure.
Meanwhile, until the bulls take full control, the bears can still kick in to form an over-extended right shoulder.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis (attached below), we were waiting for the bulls to take over, by first rejecting the support then breaking above the upper gray trendline.
However, the bulls were too strong and broke the gray trendline before forming the third swing around it as per my trading plan.
UPDATE: ETH is now forming a potential big inverse head and shoulders pattern, marked by orange arcs.
For the bulls to take full control, we need a momentum candle close above the gray neckline which covers the entire pattern/structure.
Meanwhile, until the bulls take full control, the bears can still kick in to form an over-extended right shoulder.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck
All Strategies Are Good; If Managed Properly!
~Rich
📊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
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
📊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
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน