ETC suggests entry point for longing, beware breakout though !
At the bottom of a clean ascending canal, one can only be tempted to go long, especially considering that 0.618 were reached, which indicates profits were taken.
The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though.
The strategy would be to go long and stop loss at breakout, and possibly go short.
Good fortune :)
The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though.
The strategy would be to go long and stop loss at breakout, and possibly go short.
Good fortune :)
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.