Wave Momentum on ETH 6H
Wave Momentum
ShortA bearish wave momentum on the 6-hour chart. Here is where it sits and how this pattern has behaved in the past.
Entry sits near $2,370, with invalidation at $2,470. This style holds the full position toward the room near $1,869. A close above $2,470 ends the idea.
Entry sits near $2,370, with invalidation at $2,470. This style books half near the first target around $2,270 and shifts the stop to the entry ($2,370), so the remainder carries no risk. The rest targets the room near $1,869.
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Not financial advice, and never a buy or sell call. Past performance does not predict future results. See how these numbers are computed.
What formed
A Wave Momentum formed on ETH 6H. Historically this pattern on ETH 6H resolved toward the first target in 53% of 68 instances before touching invalidation, with an expectancy of +0.14R per instance. This is descriptive analysis of a chart structure, not personalized guidance.
Wave momentum is a composite oscillator built from three well-known public indicators: WaveTrend, Money Flow Index, and Stochastic RSI. Together they produce a wave cross signal most useful in extreme territory. It is the open-source equivalent of Market Cipher B.
It fires when WaveTrend crosses in extreme territory (below -50 for bullish, above +50 for bearish) with confirming MFI direction and Stoch RSI in the corresponding extreme.
Other wave momentum formations
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