Hello everyone.
today im going to show you an ending correction pattern i seen in BTC chart.
as you can see in my chart , an excellent Elliot triangle shaping.
with ABC branches and longer C wave.
according to triangle rules maybe this pattern ends with a little triangle too
as i iilustrate in my chart with White color.
after that its important where the price go.
i mean it will breakdown the triangle but the path i show on chart is my guess.
tomorrow we have some important economic indexes in canada and australia that may lead the market
or crash it down in short term
indexes like Australian Balance of Trade
and Canada Retail sales.
forecasts are hopeless but if they come out better its good news.
in addition you see RSI indicator below my chart and it bounce back to its 200MA and become stronger.
and like any time , dont forget to set a good SL to manage your risk.
trdaes without SL are already failed
hope you like this post
please share me your opinion.
please notify me about my mistakes and grow my experience.
thank you all for reading my idea
today im going to show you an ending correction pattern i seen in BTC chart.
as you can see in my chart , an excellent Elliot triangle shaping.
with ABC branches and longer C wave.
according to triangle rules maybe this pattern ends with a little triangle too
as i iilustrate in my chart with White color.
after that its important where the price go.
i mean it will breakdown the triangle but the path i show on chart is my guess.
tomorrow we have some important economic indexes in canada and australia that may lead the market
or crash it down in short term
indexes like Australian Balance of Trade
and Canada Retail sales.
forecasts are hopeless but if they come out better its good news.
in addition you see RSI indicator below my chart and it bounce back to its 200MA and become stronger.
and like any time , dont forget to set a good SL to manage your risk.
trdaes without SL are already failed
hope you like this post
please share me your opinion.
please notify me about my mistakes and grow my experience.
thank you all for reading my idea