Looks like we have a triangle in wave B of 3 wave ABC correction and we should have wave C to retest at least level of D point of triangle.
Be aware it may be also second impulse of bigger bear trend so its worth to take this trade and keep it if goes in direction expected.
Be aware it may be also second impulse of bigger bear trend so its worth to take this trade and keep it if goes in direction expected.
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Trade active
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Clear breakoutNote
Trade closed: stop reached
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Note
Looks like wave E of triangle is not finished and i will re enter on breakout of inner trend line if wave down will develop.
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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.