ARKMUSDT has pressed up against the 50 EMA on the 4H chart. An ABCDE reversal pattern based on Elliott Waves has formed — all lining up for a short.
No stop-loss set — there’s a chance of a stop-hunt wick to the upside. I’ll exit the trade only if several candles close above the zone with their bodies — in that case, the setup is invalidated.
Short targets are marked on the chart.
No stop-loss set — there’s a chance of a stop-hunt wick to the upside. I’ll exit the trade only if several candles close above the zone with their bodies — in that case, the setup is invalidated.
Short targets are marked on the chart.
Trade closed: stop reached
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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.