I've been trying to find a method of determining whether a downtrend has finished or not that is the equivalent in accuracy to that I've been using to plot uptrends..
This just popped up as a possibility..
Curious to know your thoughts..
My method is simple..
For bullish cycles:
Encompass the entire historic chart movement (including wicks) with a pitch fan.. Price movement moves from side to side within the fan, and upon touching the bottom of the fan a second time, draw a new fan from that point that follows the same rules.. These are rules, not theory..
This just popped up as a possibility..
Curious to know your thoughts..
My method is simple..
For bullish cycles:
Encompass the entire historic chart movement (including wicks) with a pitch fan.. Price movement moves from side to side within the fan, and upon touching the bottom of the fan a second time, draw a new fan from that point that follows the same rules.. These are rules, not theory..
Nota
Welcome back, BTC!!Nota
Minimum TP Target: $29k..
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.