- Long term trend: Up - Medium term trend: Down - Short term trend: Up
If we pass yesterday's high ~13K, my opinion is that we can reach 1.618 fib ext. Stoploss must be set at 11500 (That would reach wave (1)' and invalidate wave count)
Good luck!
Note
To be safe - Take some profits at previous high 12.9-13K.
Note! Wave 5 does not always surpass wave 3!
Trade closed: stop reached
have not touched stoploss
but im closing without loss
Note
good that i closed without hesitation. wait it out is the safest option imo traders.
Note
12K is new support for short if we break 10500-11000 resistance level, we go down, with previous targets valid.
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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.