Looks like this Triangle is coming to an end as price is in the support zone of wave ((e)) of wave 4.
So, we should see a bounce towards 5.0 and higher for wave 5.
A break above 4.76 is a good confirmation of bullish move.
Invalidation level is at 3.88 (end of wave ((a))
So, we should see a bounce towards 5.0 and higher for wave 5.
A break above 4.76 is a good confirmation of bullish move.
Invalidation level is at 3.88 (end of wave ((a))
Note
I don't think wave ((e)) is yet in place.Wait for price to fall a bit more before buying.
Note
We are in the buy zone,Can go long now or wait for 78.6% retracement.
Stop below wave C.
Note
Going up well, a small pullback might come now, nothing serious.Move Stop to break-even.
If you did not enter yet, wait for a pullback before doing so !
Note
Can go long now if you did not do so already Note
I will to post my ideas here for easier access t.me/em16public
Trade closed: stop reached
Stop reached but nothing lost luckly.Looks like wave E was not yet in place, we got a complex WXY combination first and now I believe we might be at it's end.
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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.