The idea basis is simple.
1) Full M pattern target did not fully hit, look for resistance that can send it lower to complete it.
2) Found the Daily Cloud End to End Move where we go to the very top and reject straight back down to fill out the M
We also have an inverse h&S showing 0.207 target
Good Luck
1) Full M pattern target did not fully hit, look for resistance that can send it lower to complete it.
2) Found the Daily Cloud End to End Move where we go to the very top and reject straight back down to fill out the M
We also have an inverse h&S showing 0.207 target
Good Luck
Note
The Daily Candle closed inside the cloud. We move to the top of the cloud nextTrade active
Still believe we go the full way but incase of BTC Tank I've updated this idea to show both sides of what's going on right now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.