ETC suggests entry point for longing, beware breakout though !
At the bottom of a clean ascending canal, one can only be tempted to go long, especially considering that 0.618 were reached, which indicates profits were taken.
The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though.
The strategy would be to go long and stop loss at breakout, and possibly go short.
Good fortune :)
The presence of a Shoulder-Head-Shoulder, might result on a severe breakout though.
The strategy would be to go long and stop loss at breakout, and possibly go short.
Good fortune :)
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