Dogecoin
Short
Updated

Harmonic on Retracement Levels

516
The big drop yesterday in Doge might have been a bearish impulse leg. Impulse legs start trends.

When we have a possible impulse leg we want to look for corrective patterns inside of the leg for ideal spots for high RR continuation.

Here we have a confluence of a harmonic and 76 retracement. Which could produce a strong sell signal.

Failure of these signals is often brutal. Usually works great or not at all. Stops are best kept tight.
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