ETH/USD first target reached!!
https://www.tradingview.com/chart/9vKswMdp/
A perfect 2 step is in the making. The distances A-B are equal to C-D. Level D is at level $184.
Level $184 coincides with the fibonacci level 1.27 from the levels B-C.
Usely the two step level acts like a magnet.
Before we reach that level we have to pass the level $154. Also a keylevel were target, green line (result of 1.27 time distance 1 to 2) and resistance, red ( result of 0.78 distance of B-C. linecoincides.
If we pass the $154 the way is clear to reach $184.
Before to go long again we need a short time frame trigger.
This way of trading I have learned from the late Mark Braun. He used to have a trading room where he showed his method with multiple time frames.
First he draw his key levels. Then he used the trade triggers with 2 different CCI ( 8 and 50) and the 34 ema in the short term time frame.
Always put a stop loss and a target level whenever you enter a trade.
I will publish an idea when there will be a buy trigger for the $184 level.
Untill later folks!!
A perfect 2 step is in the making. The distances A-B are equal to C-D. Level D is at level $184.
Level $184 coincides with the fibonacci level 1.27 from the levels B-C.
Usely the two step level acts like a magnet.
Before we reach that level we have to pass the level $154. Also a keylevel were target, green line (result of 1.27 time distance 1 to 2) and resistance, red ( result of 0.78 distance of B-C. linecoincides.
If we pass the $154 the way is clear to reach $184.
Before to go long again we need a short time frame trigger.
This way of trading I have learned from the late Mark Braun. He used to have a trading room where he showed his method with multiple time frames.
First he draw his key levels. Then he used the trade triggers with 2 different CCI ( 8 and 50) and the 34 ema in the short term time frame.
Always put a stop loss and a target level whenever you enter a trade.
I will publish an idea when there will be a buy trigger for the $184 level.
Untill later folks!!
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