In the diagonal wave, the regular fallback portion is 0.618Fib, so we short it here.
And there is a downtrend line to set set stop loss price.
We expecte that there will be a impulse wave of down trend.
Order cancelled
According to wave theory, a sharp correction will occour after a diagonal wave.It was foolish for me to short a new born sharp correction wave.
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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.