✅ WHERE WE ARE
There are 5 waves from 0 to 53.00.
The bearish corrective waves were rejected at 13.38 by the support line.
Then the bullish waves might've been rejected at 30.51, where there are the very strong resistances, the upper parallel channel and Fib38.2(From 53.00 to 13.38).
As a strategy, it's too high to buy at the moment.
So we should wait for a pullback(correction).
1. After those resistances are broken, wait for the 5th wave to buy.
2. If those resistances reject the current bullish waves, buy above 21.40
If 21.40 broken, we'd have bearish waves to break 13.38.
*As long as 21.40 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
There are 5 waves from 0 to 53.00.
The bearish corrective waves were rejected at 13.38 by the support line.
Then the bullish waves might've been rejected at 30.51, where there are the very strong resistances, the upper parallel channel and Fib38.2(From 53.00 to 13.38).
As a strategy, it's too high to buy at the moment.
So we should wait for a pullback(correction).
1. After those resistances are broken, wait for the 5th wave to buy.
2. If those resistances reject the current bullish waves, buy above 21.40
If 21.40 broken, we'd have bearish waves to break 13.38.
*As long as 21.40 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
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.
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.