https://www.tradingview.com/chart/l3NI42Ai/
Surge past "B" validates the pattern, move above ATH of 4375 ("X") could need a few days
When the structure is in the midst of completing the CD leg, the violation of the B point AND the X point typically creates a situation of severe price action. In essence, the price action is violating two important prior support or resistance points. When this happens, the result is frequently a sharp move that quickly extends to the 1.618 XA projection.
Not financial advice use stop loss/markets - good luck
Surge past "B" validates the pattern, move above ATH of 4375 ("X") could need a few days
When the structure is in the midst of completing the CD leg, the violation of the B point AND the X point typically creates a situation of severe price action. In essence, the price action is violating two important prior support or resistance points. When this happens, the result is frequently a sharp move that quickly extends to the 1.618 XA projection.
Not financial advice use stop loss/markets - good luck
Euphoria to impending doom - would be a first for me to validate and then invalidate a pattern on the same candle. Line in the sand is $4025 bearish divergence in RSI as well if ETH doesn't bounce