It seems that we have just completed a Wave B Triangle and also broken above the b-d Trendline.
If this interpretation is correct then we can see next Wave C up till 4380-4700 levels.
Also if this pattern is incorrect then we can exit the longs below 3620 which is also the low of Wave e of the Triangle.
Overall this setup is offering a great Risk to Reward long trading opportunity.
If this interpretation is correct then we can see next Wave C up till 4380-4700 levels.
Also if this pattern is incorrect then we can exit the longs below 3620 which is also the low of Wave e of the Triangle.
Overall this setup is offering a great Risk to Reward long trading opportunity.
Note
Trail Stops to 3840 : Note
Trail Stops to 3840 : Note
Target 1 : 4379 achieved, protect open profits by trailing SL Trade closed: target reached
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
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.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Related publications
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.