My daily analysis.
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The strategy based on wave counting (elliott) works, however that is not the success, knowing where to place your stop loss is another branch of trading. They are different areas to consider to be successful. however, the market may invalidate any forecast made. nothing is 100% reliable. in 1H has reached a possible reversal area, a downward correction is expected to continue rising !!. Knowing the possible correction structures helps to make decisions to locate your stop.
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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.