Use this as a guide to develop your personal view
a) On the previous post we made on ETHEREUM (link on related ideas) We were expecting a reversal movement of the bearish trend
b)Currently, the main Bearish structure has been broken and we can see the price going towards the zone we have defined as a potential area for corrective structures
c)Corrective Structures are continuation patterns that we use to enter the market when this is formed
d)Now we will be waiting for an ABC or ABCDE pattern on the shown area of the chart (ZIG-ZAG/FLAT/TRIANGLES/IRREGULARS)
e)IF the structure we are waiting for appears we will set our orders above it, and our stop loss below it / Also is important to understand that these structures sometimes are not formed and if that is the case we just don't enter the market and nothing more to do.
f)Our Target will be the End of the green arrow on a Resistance zone.
g)We will keep updating this post if the analysis proceeds as expected.
a) On the previous post we made on ETHEREUM (link on related ideas) We were expecting a reversal movement of the bearish trend
b)Currently, the main Bearish structure has been broken and we can see the price going towards the zone we have defined as a potential area for corrective structures
c)Corrective Structures are continuation patterns that we use to enter the market when this is formed
d)Now we will be waiting for an ABC or ABCDE pattern on the shown area of the chart (ZIG-ZAG/FLAT/TRIANGLES/IRREGULARS)
e)IF the structure we are waiting for appears we will set our orders above it, and our stop loss below it / Also is important to understand that these structures sometimes are not formed and if that is the case we just don't enter the market and nothing more to do.
f)Our Target will be the End of the green arrow on a Resistance zone.
g)We will keep updating this post if the analysis proceeds as expected.
