Hi everyone,
ReddCoin has recently broken out and made a ABC-correction. The market then broke out of the ABC-correction and a nice flag-setup has been made. I think we are going to make one more (small) down-wave in the flag before it continues up to make a AB=CD-structure. We might see some profit taking at the D-leg, before we move to the 1.618-extension.
You can buy the breakout of the flag-structure. If it doesn’t break out of the flag, don’t buy it. Simple.
- Adios
ReddCoin has recently broken out and made a ABC-correction. The market then broke out of the ABC-correction and a nice flag-setup has been made. I think we are going to make one more (small) down-wave in the flag before it continues up to make a AB=CD-structure. We might see some profit taking at the D-leg, before we move to the 1.618-extension.
You can buy the breakout of the flag-structure. If it doesn’t break out of the flag, don’t buy it. Simple.
- Adios
Trade active
Comment:
The wave i was anticipating:
Comment:
Well, that was faster than expected..