Link USDT Triple bullish missing right shoulder divergence
LINKT USDT Bullish missing right shoulder divergence
On the daily we see a triple divergence with a so called missing right shoulder.
Price diverges with MACD-H, MACD lines, and Elder Force Index.
Trade is invalidated if the price is below the support line, more then 2 ATR lines away.
I am seeing this ticking up in the coming days.
The unsure thing is the weekly though. I still see nothing going up yet, and MACD-H and 21 EMA are both declinging.
But what I see is the following.
I have drawn four arrows in blue on the weekly, which makes me to enter this trade (after I have found a good entry on a shorter timeframe)
From top to bottom:
- Long bottom wicks. It looks like it does not want to go lower
- Depending on how the weekly closes, the MACD-H does not go much lower anymore, and we can expect it to go up again.
- EFI is on a very low level and could go up, although there is no curling up yet
- Stochastic RSI extremely oversold, although this is an unreliable sign in a downtrend
Each of these points individually do not say that much, but those combined do.
Stoploss: 1.44
Entry: Around 1.80 to 1.83
Exit: 2.45 to 2.60, Roughly 2,5 ATR away on the weekly timeframe
On the daily we see a triple divergence with a so called missing right shoulder.
Price diverges with MACD-H, MACD lines, and Elder Force Index.
Trade is invalidated if the price is below the support line, more then 2 ATR lines away.
I am seeing this ticking up in the coming days.
The unsure thing is the weekly though. I still see nothing going up yet, and MACD-H and 21 EMA are both declinging.
But what I see is the following.
I have drawn four arrows in blue on the weekly, which makes me to enter this trade (after I have found a good entry on a shorter timeframe)
From top to bottom:
- Long bottom wicks. It looks like it does not want to go lower
- Depending on how the weekly closes, the MACD-H does not go much lower anymore, and we can expect it to go up again.
- EFI is on a very low level and could go up, although there is no curling up yet
- Stochastic RSI extremely oversold, although this is an unreliable sign in a downtrend
Each of these points individually do not say that much, but those combined do.
Stoploss: 1.44
Entry: Around 1.80 to 1.83
Exit: 2.45 to 2.60, Roughly 2,5 ATR away on the weekly timeframe
บันทึก
I had placed a buy order during the night. Got in at 1.82. I could not follow the market and I thought it would at least pullback to the EMA on the 1H chart, which it did.Later we saw a strong dump on huge volume, but that is something you can't anticipate for.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Trade worked out perfectly. You could even go out way higher if you stayed in the trade. Top level of target zone reached. 41% profit
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน