ADABTC end of wave 2 ZigZag correction???
Updated
Previous Setup 1st wave run well, being patient for correction 2nd wave it seen come to the end, could it be the starting of the 3rd wave???
TA:
- 50% retracement of wave 1
- Pitch fork median line support well
- B wave retracement is kind of shallow which not even hit 38.2%
- Is still a perfect zigzag correction of wave A=C
- Cup and Handle can you spot?
- Strong structure
FA:
- few event fall on 15May / 28 May / 6 June
TP:
- previous high to be conservative
- Large wave 1 of 50% retracement which is equal with cup and handle target 1=1
-Conclusion:
- As a trader is a good setup
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
TA:
- 50% retracement of wave 1
- Pitch fork median line support well
- B wave retracement is kind of shallow which not even hit 38.2%
- Is still a perfect zigzag correction of wave A=C
- Cup and Handle can you spot?
- Strong structure
FA:
- few event fall on 15May / 28 May / 6 June
TP:
- previous high to be conservative
- Large wave 1 of 50% retracement which is equal with cup and handle target 1=1
-Conclusion:
- As a trader is a good setup
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Trade closed: stop reached
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