May 1st Bullish Scenario
Updated
A possible bullish scenario for today. I am not a financial advisor this is a simple idea for the short-term. Please remember to use appropriate risk management.
Buy zone determined by a break above both 0.618 fib levels and above bottom trendline .
Targets coincide with 0.236 levels and top trendline . If we break the top trendline on the 3rd wave the target is TP2.
Buy zone determined by a break above both 0.618 fib levels and above bottom trendline .
Targets coincide with 0.236 levels and top trendline . If we break the top trendline on the 3rd wave the target is TP2.
Trade active
Officially made significant moves out of the entry zone. Trade is now active, entry beyond this point is too risky.Trade active
First TP has been hit. SL to entry.Trade closed: stop reached
Barely missed TP2. But Price returned to entry and trade is closed. Stil a WIN.
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