Falling wedge, now looking like it may break on the upside, needs to close at least above 10.750 in order to form a higher high and then a higher low in comparison to 10.4k.
If the price however get rejected of 10.7 and it continues down it could be a (1,2,3,4,5) formation and the wave 5 finishing on the same target possibly?
If 0.38 doesnt hold I think of opening a long position, cause is near the 0.618 and the upper line of the trend going on since february.
We have not yet see a true oversold condition on the 15m RSI for about 8 days, that will most likely knock the price down tomorrow.
___NOT A FINANCIAL ADVISE IM JUST PUBLISHING MY OWN IDEAS FOR EDUCATION OF MY OWN AND OTHERS___
Do you agree with me, post a comment and like :) Have a nice and lucky day sunshine
If the price however get rejected of 10.7 and it continues down it could be a (1,2,3,4,5) formation and the wave 5 finishing on the same target possibly?
If 0.38 doesnt hold I think of opening a long position, cause is near the 0.618 and the upper line of the trend going on since february.
We have not yet see a true oversold condition on the 15m RSI for about 8 days, that will most likely knock the price down tomorrow.
___NOT A FINANCIAL ADVISE IM JUST PUBLISHING MY OWN IDEAS FOR EDUCATION OF MY OWN AND OTHERS___
Do you agree with me, post a comment and like :) Have a nice and lucky day sunshine