Long
WABIBTC Local OB| Weekly S/R| Price Action| .618 Fib
Evening Traders,
Today’s analysis – WABIBTC- trading at a local OB where a bounce to the highs is probable,
Points to consider,
- Price Action Impulsive
- Local OB Support
(1to1 Extension Confluence)
- Weekly S/R objective
(.618 Fibonacci Target)
- Climatic Node Present
WABIBTC’s immediate price action is trading at a Local Order Block with a 1 to 1 extension confluence, allowing for a bullish bias.
The objective is the weekly S/R where exceeding this level will make the target the .618 Fibonacci retracement of the recent swing high.
There is a climatic node present, indicative of a temporary bottom being set after the recent volatile move.
Overall, in my opinion, WABIBTC is bullish in the immediate short-term, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
Today’s analysis – WABIBTC- trading at a local OB where a bounce to the highs is probable,
Points to consider,
- Price Action Impulsive
- Local OB Support
(1to1 Extension Confluence)
- Weekly S/R objective
(.618 Fibonacci Target)
- Climatic Node Present
WABIBTC’s immediate price action is trading at a Local Order Block with a 1 to 1 extension confluence, allowing for a bullish bias.
The objective is the weekly S/R where exceeding this level will make the target the .618 Fibonacci retracement of the recent swing high.
There is a climatic node present, indicative of a temporary bottom being set after the recent volatile move.
Overall, in my opinion, WABIBTC is bullish in the immediate short-term, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.