HELLO TRADERS
" In my recent Analysis on Ethusdt I mentioned Short opportunity after Reversal Impulse, And market did the same "
Recent Chart :
Current Situation :
~ As we can see price is testing the bottom in between this Expending flat structure so we do expect change of trend from bearish to bullish. Currently price is testing Daily structure level which could be a level of rejection. All we need to wait for Daily bullish price action for long opportunity. In case price will follow continuation correction after this bearish daily Impulse then we may see again fall till Structure bottom line and from that level I will wait for bullish rejection. There is another confluence which is more reliable and that is Descending trendline. If price will break this descending trendline with bullish reversal Impulse then Continuation correction will lead the price bullish.
" In my recent Analysis on Ethusdt I mentioned Short opportunity after Reversal Impulse, And market did the same "
Recent Chart :
Current Situation :
~ As we can see price is testing the bottom in between this Expending flat structure so we do expect change of trend from bearish to bullish. Currently price is testing Daily structure level which could be a level of rejection. All we need to wait for Daily bullish price action for long opportunity. In case price will follow continuation correction after this bearish daily Impulse then we may see again fall till Structure bottom line and from that level I will wait for bullish rejection. There is another confluence which is more reliable and that is Descending trendline. If price will break this descending trendline with bullish reversal Impulse then Continuation correction will lead the price bullish.
Investment and structure planning :
DM
DM