Long
TX Swap Attempting Tweezer Bottom at 1.618 Fibonacci Extension
TX Swap after breaking out of a Falling Wedge pattern now finds itself attempting to confirm a Tweezer Bottom Break-Hook-Go with Bullish Divergence at the 1.618 Fibonacci Extension with elevated volume. If this turns around from here, I think the upside move could be quite dramatic.
Trade active
Despite going through the 1.618, the wedge still appears to be holding and the move down appears to be weakening as it comes down to the 1.902 HOP level, so I will average down.
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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.