scenario: ending fifth wave diagonal.
Wave v of the impulse wave down did not end at the price where A is now labelled as it did not break down into a full five waves.
potential entry $606-610 with a target $640-$660
Stop loss at $600
minimum R:R 3.3
Break outside of the triangle with conviction without hitting the lower trend-line for wave e would invalidate this scenario
Wave v of the impulse wave down did not end at the price where A is now labelled as it did not break down into a full five waves.
potential entry $606-610 with a target $640-$660
Stop loss at $600
minimum R:R 3.3
Break outside of the triangle with conviction without hitting the lower trend-line for wave e would invalidate this scenario
Note
On reflection this is not an ending diagonal however i do believe this is trending with in a triangle and so the same scenario is still plausible
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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.