This is an alternate count to my previous idea - linked below.
Extted this that because: W3 of 3 started out strong and if my idea was correct, it would have picked up strength. It reversed hard very early after modest gains, and failed to make a HH of W1. Stoch is crossed bearish, RSI turned down, and MACD turned down. I felt best to cut this trade as it appears to be heading down and invalid.
This alternate wave count looks more accurate after this recent price action.
I will look for an entry at the end of B to catch wave C.
Extted this that because: W3 of 3 started out strong and if my idea was correct, it would have picked up strength. It reversed hard very early after modest gains, and failed to make a HH of W1. Stoch is crossed bearish, RSI turned down, and MACD turned down. I felt best to cut this trade as it appears to be heading down and invalid.
This alternate wave count looks more accurate after this recent price action.
I will look for an entry at the end of B to catch wave C.
Trade active
I moved my entry to 0.00007510, which hit this morning. Trade active!
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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.