Possible Falling Wedge On LEO-PERP Futures 4HR
We seem to be forming a solid falling wedge on the 4HR chart for LEO futures on FTX.
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com/fallwedge.html
This one is quite volatile , so we want to wait for full confirmation before entering, however we can start a basic trade plan now.
We start by measuring the height of the pattern and multiplying by our chances of reaching our target (0.62 or ~62%),
this gives us our expected move from breakpoint.
Entry: AFTER we fully close above the pattern , and preferably after one full bar has opened AND closed beyond the pattern for full confirmation.
TP: Approximately 0.0617 away from break point.
SL: Previous swing low, currently at 1.1599, but HIGHLY likely to change before pattern breakout.
I will update this one as it plays out.
Pattern information: thepatternsite.com/fallwedge.html
交易結束：目標達成
I personally missed entry on this one as I expected one last fall, but target achieved regardless.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。