Reasons for this pattern :
Target : Green Zone
Probability of pattern : Medium Probability
Pattern : WXY (Double Zigzag)
Other note : We have "Higher Time frame Bearish Divergence"
Pattern reasons :
- Rsi has a A -> C wave personality
- Volume is indicating we have low volume in the potential "C wave"
- We can count an A wave and a potential C wave diagonal (Contracting)
-Still in common extension target area
For this pattern to be aggressively invalidated :
Has to break out of the "Contracting Trendlines"
What I don't like (Personal Feedback" -
- I dont like how we are beginning to break out of the "Box shape"
from our Previous AH "Parallel channel"
- If we break the contracting trendlines and begin to show impulsive personality
I believe first target would be at (4460 -4500)
Alternate bullish pattern - Bullish (1-2 , 1-2 or 1-2 and the 3rd wave)
Target : Green Zone
Probability of pattern : Medium Probability
Pattern : WXY (Double Zigzag)
Other note : We have "Higher Time frame Bearish Divergence"
Pattern reasons :
- Rsi has a A -> C wave personality
- Volume is indicating we have low volume in the potential "C wave"
- We can count an A wave and a potential C wave diagonal (Contracting)
-Still in common extension target area
For this pattern to be aggressively invalidated :
Has to break out of the "Contracting Trendlines"
What I don't like (Personal Feedback" -
- I dont like how we are beginning to break out of the "Box shape"
from our Previous AH "Parallel channel"
- If we break the contracting trendlines and begin to show impulsive personality
I believe first target would be at (4460 -4500)
Alternate bullish pattern - Bullish (1-2 , 1-2 or 1-2 and the 3rd wave)
Anmerkung
Just to add to this i obviously need the 4th wave in the diag to overlapp
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.