Long
WAVES is forming Triple bottom
As we could see chart above the Waves is forming triple bottom reversal pattern.
After that the Waves price finding a bottom at $4.2 ~ $4.6 we will expected a third rally attempt starts.
But We need to confirmation first to low point will formed.
but
If the price fails to break below the low point of the triple bottom pattern around "$4.15" , then the triple bottom isn’t confirmed. Failure to confirm a break lower suggests that there’s another pattern carving — and that you should avoid selling short.
After that the Waves price finding a bottom at $4.2 ~ $4.6 we will expected a third rally attempt starts.
But We need to confirmation first to low point will formed.
but
If the price fails to break below the low point of the triple bottom pattern around "$4.15" , then the triple bottom isn’t confirmed. Failure to confirm a break lower suggests that there’s another pattern carving — and that you should avoid selling short.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.