Long
SWT
Flag/Pennant correction pattern
Flags fly at half mast- this pattern typically happens half way up a large price move
Movement needs to take a breath.
Watch for last point on Elliot wave correction- Even better (more BULLish) if it violates the lower boundary and returns to pattern.
Risky entry- buy on reversal candle at point 5
Conservative entry- set trigger above pattern
BTRX order book looks stacked against the movement and based off this only- would expect it to break south with BEARS
We will see- use a trigger
Flags fly at half mast- this pattern typically happens half way up a large price move
Movement needs to take a breath.
Watch for last point on Elliot wave correction- Even better (more BULLish) if it violates the lower boundary and returns to pattern.
Risky entry- buy on reversal candle at point 5
Conservative entry- set trigger above pattern
BTRX order book looks stacked against the movement and based off this only- would expect it to break south with BEARS
We will see- use a trigger
Nota
looks like a clear violation of pattern line- - broken by 1-3%
- candle closed outside pattern (not just wick)
if multiple candle closes outside pattern will confirm
look out below
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.