This move down wich started in January is coming to it's end, as price is making the last wave 5 of an Ending Diagonal of a higher degree wave 5.
* Therefore I'm closing all Short positions.
** Wave 5 might have ended @ 0.702 therefore I'm opening a small position at current price (0.7052) and setting a Pending Order @0.6994 (Green Zone)
*** Stop @ 0.6885
If price moves below this level then the ending diagonal count would be invalidated because wave 3 would then be the smallest of 1,3 & 5.
*** Target #1 : 0.7300
PS : Don't hesitate to like and comment on my ideas !
* Therefore I'm closing all Short positions.
** Wave 5 might have ended @ 0.702 therefore I'm opening a small position at current price (0.7052) and setting a Pending Order @0.6994 (Green Zone)
*** Stop @ 0.6885
If price moves below this level then the ending diagonal count would be invalidated because wave 3 would then be the smallest of 1,3 & 5.
*** Target #1 : 0.7300
PS : Don't hesitate to like and comment on my ideas !
Trade closed: target reached
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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.