Watch for the close of THREE 4-hour candle close ABOVE 1226 (each candle must close above prior)
scenario 1: Buy between 16.50-16.60 S/L: Watch for the close of two 4-hour candle close under 16.50 (second candle must close under prior) scenario 2: If the first scenario is canceled, sell with tp:16.20
What do you think how good are chances that XBCBTC will reach 0.2500 during this month? Last month candel have close positiv so it have some momentum potential, what you think?
We see Cable Long to 1.2520 to complete the D-E leg of the X-E Elliot wave within a descending triangle. Shorts will be in play from 1.2520 and we will be scaling on the break/retest of 1.2115
looking for 61.8% retracement back to trendline to re assess possible scenarios
50% retracement retest of weekly channel needed. Target 81.00 handle