Hey friends!
If you haven't already - you should be looking to take profits here! Also looking for a potential short entry in this area. We have potentially 5th Elliott Wave + supply zone and some divergences going on!
Good luck!
If you haven't already - you should be looking to take profits here! Also looking for a potential short entry in this area. We have potentially 5th Elliott Wave + supply zone and some divergences going on!
Good luck!
Trade active
Short entry 3815 (Mex)Observing with mental SL
Trade closed manually
Manual close 3830. Keep observing.Note
Parabolic advance on V wave broken. Should start looking for a short entry.Note
Quick update on the situation. The Wave count above is obviously not valid anymore and here is a new count. Looking for a fifth wave upwards into 3500 area and observing for a short entry.
Note
Wave IV correction - V wave into supply area
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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.