The main trend is a downtrend. Downstream channel. The secondary trend is upward. A cup. Ross hook. Buyer Volume.
The upside to the first resistance is about + 65%. A breakthrough of resistance and consolidation above it will mean a reversal of the main trend and exit from the downward channel. Also do not forget that the price may fall to the bottom of the downward channel. Therefore, choose the correct entry point. Never rush to enter the market.
Ross hooks are a work in a local trend. I described in more detail about working with these formations in this training - trading idea using the example of BTC / USD. Note the example was shown at work online, and not on the old schedule. The example worked completely. Target + 22% taken.
TRAINING Ross hooks on the example of BTC.When confirming the trend + 22%
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The Target is taken the day after the publication of the trading idea + 86%
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The price has reached the designated zone (green level) + 133%