XBTUSD: Bearish ascending triangle using elliot wave theory

19 окт. 2018 г.

Assumptions:
1. the large rejection a few days ago implies we are still in a bear market.
2. MACD being squeezed, so a move either way is imminent.
3. Bearish divergence on the E wave.
4. Bullish momentum has been weak in the past 2 days.
5. Target: the next support point.

19 окт. 2018 г.

Заметка

target: 6260

19 окт. 2018 г.

Сделка активна

The ABCDE Count might not be correct since it still has space to move in that acending triangle.

if we ignore the wick, we get A (instead of C), B (instead of D).
While C,D,E are still incomplete.

20 окт. 2018 г.

Заметка

In the process of breaking down!

20 окт. 2018 г.

Заметка

My first post on tradingview, sorry if the graph appears like shit, just move to the left so it will zoom out and you can see the big picture.

20 окт. 2018 г.

Сделка закрыта: достигнута стоп-лосс цена

Stoploss hit, 4 hours after hidden bullish divergance appeared on the 1 hour chart.