Hey everyone - I thought I would post an idea I had. I have been following a trend of wyckoff accumulation patterns throughout this bull run. I weigh the higher timeframe fractals much greater but I do believe (and I have been successful with) the same patterns at any scale. This specific bars pattern I took from the 4h timeframe starting at the initial crash (after Elon FUD). You can see that the pattern correlates nicely to the price action thus far, and I think there is a high probability to this trade. Good luck and protect your self.
Kommentera:
The high of this bounce should be at about 1000 est. And the subsequent higher low will be around 12 hours from that time at 2200 est.
Kommentera:
Nearly right on schedule break of uptrend. Watch the confirmation retest of .23 if you want a good short entry with tp 47300
Kommentera:
Suspect a bull trap as discussed below with slip!
