Double Bullish Flag Run completed what's next? update
Here an update on this Analyse...
as said in previous post its going down sooner or later for 4th wave confirmation.
in situations like this i'm always thinking its going too obvious and so i think there are a few options
A. its feinting towards the bottom channel line and moves up a little more to eventually touching the bottom channel line.
B. its gonna be on point on the channel and goes up.
C. its feinting as if its gonna fail, makes a big spike and eventually closes above the bottom channel line (could be tricky when working with a sharp stop limit/ OCO)
D. is not an option that would be total fail and therefore you could use a stop limit.
We will see where its gonna hit the bottom channel line. at the moment i think somewhere around the 3.5 / 3.6 but like i said don't have a glass bowl.
be free to share u thoughts.
as said in previous post its going down sooner or later for 4th wave confirmation.
in situations like this i'm always thinking its going too obvious and so i think there are a few options
A. its feinting towards the bottom channel line and moves up a little more to eventually touching the bottom channel line.
B. its gonna be on point on the channel and goes up.
C. its feinting as if its gonna fail, makes a big spike and eventually closes above the bottom channel line (could be tricky when working with a sharp stop limit/ OCO)
D. is not an option that would be total fail and therefore you could use a stop limit.
We will see where its gonna hit the bottom channel line. at the moment i think somewhere around the 3.5 / 3.6 but like i said don't have a glass bowl.
be free to share u thoughts.
Tims.Technische.Analyse by TIMTIBBO
