S : 7.8
T : BUY AND SELL BETWEEN 8-8.3
Entry : 8084
T2: 8160 30%
Stop under 8030
T1 : 8127 (50%)
T2 : 8160 (30%)
30% remains for target.
Stop will move up after touch that short term resistance
Re E : under 8125 ( 14x Lev )
Stop : 7950
15 hours to go new candle
if it happens bottom of patten will be 7980 ish
im cutting my loss , and buyin back if it goes down
upward above 8160 and find support around 8130 then this pattern confirm.
if stop hit, entry will be under 8k.
watching market to avoid liquidation action, and stop loss/profit.
closing under 8.1 would make another bear market.
looking to add more stack on 8060-8040
entry made under 8060.
will cancel all orders if we close under 8.1 by 9am tmr.
tight stop will be needed.
i am watching if it stays on b.o level
The limitation of triangles is the potential for a false breakdown(up). There are even situations where the trend lines will need to be redrawn as the price action breaks out in the opposite direction - no chart pattern is perfect. If a breakdown(up) doesn't occur, the stock could rebound to re-test the upper(under) trend line resistance(support) before making another move lower(higher) to re-test lower(higher) trend line support(resistance) levels. The more times that the price touches the support and resistance levels, the more reliable the chart pattern.
next candle please
dot line has been resistance since june.
are we going in to bull market ?
or back to bear market ?
LTC has been leading indicator for market