*** This is another continuation post (v2), as per my posting methodology is to continue the trading story when its applicable *** If you look at the link provided, I gave plenty of reasons as to when to enter and hence using the same chart, one can see the following held true so far:
a) re-accumulation zone is where we expected for the reversal structure to come from; where 0.618 fib level is a likely entrance point; b) the reversal structure is not what I expected at this point; c) we broke the downward channel and found resistance at the first macro fib level, 0.382 (~$0.13); d) if you didn't start buying at the bottom area as per my previous chart stated, then you should have got in the pull flag as per this channel breakout; e) I have the next target and strong resistance at the WR weekly resistance level which equates to the next fib macro level as per chart. Major target $0.20 to $0.23 as per weekly chart
Please give me a tick or like for this post.
Regards, S.SAri (A and Z charts)
12 HRLY chart
Weekly chart
Yesterday, another perspective.
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15 minute chart also give you another method to enter, cradle method.
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bull flag
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ADA price explained. Livermore structure completed with point (15)
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