Long
ETP Cyclical Long Trade
ETP looks to be starting a new market cycle. Let's look for another test of the max consolidation line (orange) where we will also find the uptrend line, and get involved from the bottom. We are looking for the market to swing back around to the 0.618 (MFR).
Cheers and GLWT!
-Erik
Cheers and GLWT!
-Erik
Note
We kissed the 0.11 fibo! The current move looks corrective. Watch for a breakdown. EMA200 is acting as resistance on the 1HR.
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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.