Elliot Impulse Waves complete - starting correction waves
elliot 5 wave pattern has been completed with truncation of the 5th wave.. but, we still will have to make sure that this wave is truncated and wouldn't be extended again, so we will wait for RSI to cross 50% and price action to move upword..
rules:
entry = 0.7510 && RSI > 50
SL = 0.7495
TP1 = 0.7530
TP2 = 0.7560
rules:
entry = 0.7510 && RSI > 50
SL = 0.7495
TP1 = 0.7530
TP2 = 0.7560
Order cancelled
Trade shoot up but the RSI didn't cross the 50 level .. so trade invalidated
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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.