Looks like we have a reversal which is in line with my wave count. (Please see my related idea video from last weekend if you haven't)
Look for a 5 Wave move back up to the 1.25557 area.
According to this wave structure this move will not exceed this high but will serve as resistance and a good place to put a stop for when we short this thing.
Do no short this until 5 waves is fully complete I will post more updates as this progresses.
Look for a 5 Wave move back up to the 1.25557 area.
According to this wave structure this move will not exceed this high but will serve as resistance and a good place to put a stop for when we short this thing.
Do no short this until 5 waves is fully complete I will post more updates as this progresses.
Trade closed manually
Closing this trade off because the wave structure indicates Wave 4 price action still unfolding and should head lower for wave 5 before a reversal.
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Related publications
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.