Hey Everyone!!
It's been a while since I've posted an idea, but I wanted to do an analysis on Harmony ONE.
At the time of writing we are currently on the weekly level, from Aug 2020.
Aug 2020 is a fairly significant level as it had also created a liquidity level of 2.36
Typically, when these large wicks occur, price will tend to "eventually" return to it.
I stressed the word "eventually" as there is no currently timeframe as to when it will occur.
We can also clearly count a 5 wave structure to the upside, with the 5th wave ending on Nov 2021.
Moreover, if we pull a fib retracement from the start of Wave 1 to wave 5, we are very near the 0.618 fib retracement level! <333
If Wave 2 is near (or is) complete, we can use a fib extension and draw it from the start of wave 1, to present.
For those who are EW traders, you would know that wave 3 typically ends anywhere between the 1.0 to 1.618 fib extension level.
And where does the 1.0 fib extension level end up? Yes! you guessed it!
Very Very close to the liquidity level from Aug 2020 at 2.36! :)))
I know market conditions are very very bad atm, but I thought I could share some hopium light to this awesome project :)
Take care everyone!
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
It's been a while since I've posted an idea, but I wanted to do an analysis on Harmony ONE.
At the time of writing we are currently on the weekly level, from Aug 2020.
Aug 2020 is a fairly significant level as it had also created a liquidity level of 2.36
Typically, when these large wicks occur, price will tend to "eventually" return to it.
I stressed the word "eventually" as there is no currently timeframe as to when it will occur.
We can also clearly count a 5 wave structure to the upside, with the 5th wave ending on Nov 2021.
Moreover, if we pull a fib retracement from the start of Wave 1 to wave 5, we are very near the 0.618 fib retracement level! <333
If Wave 2 is near (or is) complete, we can use a fib extension and draw it from the start of wave 1, to present.
For those who are EW traders, you would know that wave 3 typically ends anywhere between the 1.0 to 1.618 fib extension level.
And where does the 1.0 fib extension level end up? Yes! you guessed it!
Very Very close to the liquidity level from Aug 2020 at 2.36! :)))
I know market conditions are very very bad atm, but I thought I could share some hopium light to this awesome project :)
Take care everyone!
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333