Ethereum made an impulse to the upside that may be a wave A.
Probably now we are into wave 5th of this impulse also subwave 1 from it is done. Subwave 1 from the 5th wave is the extended wave.
Now ETH to confirm this scenario must make a pullback into the zone of 0.236 - 0.382 where I want to enter long position.
Also that zone is the previous resistance what was broken so a retest is needed.
Good luck!
I await your comments with arguments for and against.
Probably now we are into wave 5th of this impulse also subwave 1 from it is done. Subwave 1 from the 5th wave is the extended wave.
Now ETH to confirm this scenario must make a pullback into the zone of 0.236 - 0.382 where I want to enter long position.
Also that zone is the previous resistance what was broken so a retest is needed.
Good luck!
I await your comments with arguments for and against.
Note
Note
abc correction and now expecting to break the channel
Trade active
Note
Stop Lose below wave 2
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Related publications
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.