Short
SHORT MATIC USDT | Elliott Correction Wave
Short MATIC USDT
As you see we could enter in the third wave of the Elliott Corrective Pattern.
It is often see as a bull trap as people thinks the bull trend is still healthy. However, the price could fall if the price is following the Elliott Wave Pattern.
Entry Price: 2.544
✔️ Target Profit: 2.265
❌ Stop Loss: 2.637
Potential Profit: 11%
Ratio Risk / Reward: 3
You may enter this position as a margin position for increasing the profit as the Ratio Risk / Reward is low. That's up to you.
I am also curious to earing your opinion too.
Should you feel that analysis helps you, feel free to leave a like, and I wish you a good day!
As you see we could enter in the third wave of the Elliott Corrective Pattern.
It is often see as a bull trap as people thinks the bull trend is still healthy. However, the price could fall if the price is following the Elliott Wave Pattern.
Entry Price: 2.544
✔️ Target Profit: 2.265
❌ Stop Loss: 2.637
Potential Profit: 11%
Ratio Risk / Reward: 3
You may enter this position as a margin position for increasing the profit as the Ratio Risk / Reward is low. That's up to you.
I am also curious to earing your opinion too.
Should you feel that analysis helps you, feel free to leave a like, and I wish you a good day!
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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.
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.