INDEX:BTCUSD This is continuation of previous idea which traded from smaller TF as part of paid stoplosess for current bigger 1D trade. We finally revisit support after completed waveA(1). And we got proper signal for range entry. Using CME futures chart give more precision or as additional source of truth, since it doesn't include bars from weekends. We must...
Should we not hold 16K-18K, we got straight into 10K, more big liquidation from big projects can fuel that, otherwise 61% absolute retrace should build some ground, before dumping to retrace 76% if no interest appear. And ETHUSD on 1W looks close to 85% with weekly countdown finishing which is typically what you expect end of major move. In case bear setup...
Futures for december 2022 WTI on monthly charts complete cycle with TD Combo 13(current bar not showing number). Weekly chart already have textbook structure on wave5 extened with on projected level 107 and hitting combo 12 Daily chart have price validation with waveA correction and can be traded as range with 61% retrace level at least for entries, stop around 113.