Price appears to have completed a WXY after the Oct 10th flash crash, but further downside is possible to complete wave 4.
Wave (B) completed a barrier triangle, which suggests the thrust down was the final move before reversal. Price has revisited the wick- expected price behaviour, and we are now looking for a bottom.
Price is below the daily 200EMA and pivot, which is bearish.
📈 Daily RSI reached oversold with no divergences
👉 Continued downside brings up the $1.75 High Volume Node EQ
Safe trading
Wave (B) completed a barrier triangle, which suggests the thrust down was the final move before reversal. Price has revisited the wick- expected price behaviour, and we are now looking for a bottom.
Price is below the daily 200EMA and pivot, which is bearish.
📈 Daily RSI reached oversold with no divergences
👉 Continued downside brings up the $1.75 High Volume Node EQ
Safe trading
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Related publications
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.
PhD Cand: Investing & Sentiment , MSc Financial Econ
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Trader 8 years, Investor 15 years
The Sentiment Investor - Market Psychology: thesentimentinvestor.substack.com
Trade Planning, Strategies & Signals: Earn & Learn: tradesignals.substack.com
Related publications
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.