Hey traders
Pretty impressive rally from the low teens to this level but where to now?
We imagine 3 possible scenarios and in order to work together on this we highly encourage you to comment your opinion or additions you might have.
Scenario one : White line - 5 wave move with the 4th move being at the last high - short term bearish
Scenario two : Orange line - 5 wave move with the 4th move being at the .66 fib - short term bearish
Scenario three: Wick down to take out stops and trigger some local liquidations then continue up without forming a 4th wave .
Which one do you think is the most probable?
Pretty impressive rally from the low teens to this level but where to now?
We imagine 3 possible scenarios and in order to work together on this we highly encourage you to comment your opinion or additions you might have.
Scenario one : White line - 5 wave move with the 4th move being at the last high - short term bearish
Scenario two : Orange line - 5 wave move with the 4th move being at the .66 fib - short term bearish
Scenario three: Wick down to take out stops and trigger some local liquidations then continue up without forming a 4th wave .
Which one do you think is the most probable?
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Proudly listed on binance-futures-signals.com/