đ Market Analysis Update đ
Yesterday, we believed the market had reached a potential turning point, only to see it extend further to complete a harmonic structure that might pave the way for another one.
â ïž The Question: While the market had signs of a possible reversal, will todayâs daily candle form an engulfing pattern, or are we looking at a small candle followed by a significant move tomorrow?
đĄ My Strategy: Iâll focus on Bonk and consider entering a position. The chart appears clearer, with an AB=CD harmonic pattern (equal daily legs). It closed with:
â A hammer on the daily and 12-hour charts
â A long-legged doji on the 8-hour chart yesterday
đ These patterns signal a promising opportunity.
đ Trade Setup:
Stop Loss: 0.026617
Take Profit: 0.048396 (Daily Resistance Level)
đ Pro Tip: Always trade wisely and apply proper risk management.
âš Good luck! âš
# Bonk