Hi all,
Theory test for evidence now.. so I went through and tried to count all the small tiny waves. Here is my chart count..
The suggested trade numbers:
Long on break of 18.00 on C after the 5th wave..
Seeing that we are at 18 .. safe trade is to wait for support above 18 .
According to my count it seems like the fall was a very fast c wave.
Shorts.. you can try (not recommended):
Shorting at 18.1 or near that area
With stops above the 61.8% retracement mark
Allow the circle area waves to develop to watch for next trade... prefer long on break of the trendline 18.300's ..
Theory test for evidence now.. so I went through and tried to count all the small tiny waves. Here is my chart count..
The suggested trade numbers:
Long on break of 18.00 on C after the 5th wave..
Seeing that we are at 18 .. safe trade is to wait for support above 18 .
According to my count it seems like the fall was a very fast c wave.
Shorts.. you can try (not recommended):
Shorting at 18.1 or near that area
With stops above the 61.8% retracement mark
Allow the circle area waves to develop to watch for next trade... prefer long on break of the trendline 18.300's ..
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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.