Wave 4 Triangle?
It seems trx/usdt it's making a triangle pattern, normally found in a Wave 4. Wave 2 retraced exactly to the golden pocket and Wave 3 went a tick above the 100% of Wave 1, so everything qualifies so far.
The green rectangle indicates a possible Wave 5 target.
A double top to the previous wave 3 high is also VERY possible because there's a large trend line on the daily chart that doesn't show on this one but is visible on the trx/usd (calculated by tradeview), because it has a larger history.
The green rectangle indicates a possible Wave 5 target.
A double top to the previous wave 3 high is also VERY possible because there's a large trend line on the daily chart that doesn't show on this one but is visible on the trx/usd (calculated by tradeview), because it has a larger history.
Note
Breaking down from this triangle with conviction will invalidate this countTrade closed: stop reached
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.
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.