Hi there.
I think this chart has finished its correction in big cycle and it wanna build a new bullish cycle in bullish direction.
So it build wave 1 and its in wave 2.
Because wave 5 of 1 was extended, It may correct until wave 2 zone from wave 1.
But my suggest for you is that enter in buy position at the end of wave 4 with half of your position lots and set your stop at the start of wave 1.
And if correction was deep, you can enter at wave 2 zone from wave 1.
Thanks for your comment that guide me to be better.
Have a good trades.
I think this chart has finished its correction in big cycle and it wanna build a new bullish cycle in bullish direction.
So it build wave 1 and its in wave 2.
Because wave 5 of 1 was extended, It may correct until wave 2 zone from wave 1.
But my suggest for you is that enter in buy position at the end of wave 4 with half of your position lots and set your stop at the start of wave 1.
And if correction was deep, you can enter at wave 2 zone from wave 1.
Thanks for your comment that guide me to be better.
Have a good trades.
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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.
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.