1. Wave A down trended with ABC correction
2. Wave B formed symmetric triangle and broke down support
3. Short position at break down support (now resistance)
4. TP = fib ext. 1:1 of Wave AB
5. SL = slightly higher Wave E of triangle
2. Wave B formed symmetric triangle and broke down support
3. Short position at break down support (now resistance)
4. TP = fib ext. 1:1 of Wave AB
5. SL = slightly higher Wave E of triangle
Trade closed: stop reached
SL reached, position closed
PX2
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PX2
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.