MATIC Short Exit, potnetial long entry.Exited short position on MATIC at 2.12 having entered at 2.28
Because it touched the .618 fibonacci and bounced perfectly, this shows strength. It then broken out of the down trend, but failed to hold that. It fell back and broke out again which is where I exited shortly after.
BTC dominance is still looking poor. I like the MATIC long entry at the .618 fib. so $2.04 would seem a nice entry to add to the long position.
Depending on BTC trhis could drop further to the next fibonnaci level. Although the $2 level will be respected hard.
Frustratingly I had a limit buy order set at 2.035 that didn't get filled.
I am still short BTC and BTT.
Fibonn
DAX Triangle unfoldinghi all,
I guess DAX is currently unfolding a triangle. Triangles indicate the end of a trend. Money is being reshifted.
We might expect a last push higher and then continuation of lower prices.
The retracment of wave (i), ie. (ii) seems to unfold as an expanded flat, which would also a bearish sign.
The inner counting of a triangle consists of 5 legs. At DAX I have counted A-B-C so far. D and E are missing.
Kind Regards,
Merakshi
