Hello friends,
A Possible scenario is shown in the chart. As you know, this pattern is a Pennant (See attached Idea). It's taken me a little time to discover whether the pattern is a real pattern or a disguise, Now I know it's true.
ETC (4h)-Technical section:
RSI *** 53.73
DMI is Neutral
Oscillators:
Moving Average Convergence / Divergence *** Buy
Momentum Indicator*** Buy
Bull Bear Power is neutral
Moving Averages:
Ichimoku Cloud is neutral
Volume Weighted Moving Average *** Buy
Hull Moving Average *** sell
For more details, See attached Idea.
Why ETC?
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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.