Sequence of Impulsive Waves (12345 bullish). These are 8 Fibo/Ratio we use in our analysis/setup.
From a technical point of view (guidelines), traders try to:
=> take Long Position on Wave 2 (38%/61.8% W1)
=> and Stop below Wave 1 (close bar)
=> take Long Position on Wave 4 (38%/50% W3)
=> and Stop below Point 1 (close bar)
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GLOSSARY
![[EW COURSE] GLOSSARY](https://s3.tradingview.com/c/cXEl9IYs_mid.png)
From a technical point of view (guidelines), traders try to:
=> take Long Position on Wave 2 (38%/61.8% W1)
=> and Stop below Wave 1 (close bar)
=> take Long Position on Wave 4 (38%/50% W3)
=> and Stop below Point 1 (close bar)
Thank you for your support!!
GLOSSARY
Note
IMPULSIVE STRUCTURE (WAVES) EXAMPLE, IN PLAY on AudUsd pair:- Bearish Type
![[AUDUSD] IMPULSIVE STRUCTURE IN PLAY...](https://s3.tradingview.com/u/U0sT11NL_mid.png)
Note
- Bullish Tipe![[GBPUSD] IMPULSIVE TREND](https://s3.tradingview.com/e/e0Pxz40s_mid.png)
Note
EXAMPLE: 12345+ABC![[EURAUD] PULLBACK WAITING](https://s3.tradingview.com/j/Jtu8yczW_mid.png)
Note
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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.