Dusk is forming W pattern on 1 hour timeframe , Long trade , risk managment always important
#DYOR* . This isn't AI cr**p.
✍️⬇️🚀read
My plan is to enter at 15 min FvG around 0.11 and aim for 0.13 as just one complete
The W pattern is divided as below ⬇️
First Trough: The price falls and reaches a low point, representing the first trough of the W pattern. This decline is usually a continuation of an existing downtrend.
Temporary Resistance: After the first trough, the price rises slightly, hitting a resistance level where the upward momentum stalls. This brief rally creates the middle of the “W.”
Second Trough: The price drops again but fails to break below the first trough, signaling a loss of downward strength. This forms the second bottom of the W shape.
Break of Resistance: Once the price rises again and breaks above the resistance level (neckline), the W pattern is confirmed, indicating that the market is shifting to a bullish trend. It is doing excatly now.
$DUSK #dusk #Dusk/usdt✅ Thank me later.
My plan is to enter at 15 min FvG around 0.11 and aim for 0.13 as just one complete Tp.
#DYOR!! before entering the trade please! this not a financial advice ! only practicing with real market (backtesting).