VELO ITs TICKING
Updated
Failed the breakdown of the triangle.
Now backtesting the upper boundary.
Ideally we get one more last push down for an FLAT ABC.
But it could also go from here. Would you care for 25%?
Once the upper boundary is flipped, expecting quick run towards 0.236 to trigger further moves up towards 0.382, 0.618, 0.886
Fail the triangle and break it down again = buhhhhhbad
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Now backtesting the upper boundary.
Ideally we get one more last push down for an FLAT ABC.
But it could also go from here. Would you care for 25%?
Once the upper boundary is flipped, expecting quick run towards 0.236 to trigger further moves up towards 0.382, 0.618, 0.886
Fail the triangle and break it down again = buhhhhhbad
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
Note
tick tock Note
great to see volume continues to growNote
tick tock..... with even more volume, fasten seatbelts!Note
yet even more volume, totally insaneslowly getting time to look at possible targets for later
Trade closed: target reached
taking some off the table here. why, because 1) its important to tp
2) it could now retrace towards midline / 1.272/1.618
Note
given the fib levels from the previous comment, a conservative view would be this high be top of wave 3. but it could also have been just wave 1 of 3 and something serious is going to happen.targeting finish of w3 now, might push a little higher but ultimately rebuy will be at 0.382 retracement above 1.886
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