Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Note
Zoomed in: We have a possibility of one more leg down abt (-30%) or breaking out of this channel for a gain of 2-4.5x. We will either top out around $40-90 RR is about 1/3
Note
How I would play this; Enter now and dollar cost average down if it goes to the last leg down. Not financial advice lol
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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.