ETHEREUM -Reversal Pattern Forming ð
In our last post we identified that we're in the final 5th wave. This wave has 5 subwaves.
We've seen wave 1 and now we're in wave 2, which is a correction. Expecting wave 3 lower.
Trade Idea:
- Watch for wave 3 to break the red trendline for confirmation
- For a risk entry, watch for a rejection of lower timeframe fib levels or lower timeframe trendline break or BOS
- stoploss should be above the correction once the red trendline breaks
- Targets: 890, 800, actively manage the rest
Once we're in the 5th wave, we can look for possible reversal zones and ways to confirm that the reversal is happening. Make sure to keep a look out for the updates!
Goodluck and as always, trade safe!
We've seen wave 1 and now we're in wave 2, which is a correction. Expecting wave 3 lower.
Trade Idea:
- Watch for wave 3 to break the red trendline for confirmation
- For a risk entry, watch for a rejection of lower timeframe fib levels or lower timeframe trendline break or BOS
- stoploss should be above the correction once the red trendline breaks
- Targets: 890, 800, actively manage the rest
Once we're in the 5th wave, we can look for possible reversal zones and ways to confirm that the reversal is happening. Make sure to keep a look out for the updates!
Goodluck and as always, trade safe!
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