In this extension of the original UJ Sell idea with Targets below, we back out to a weekly and look at a possible Running Flat (for Wave Traders) - we go over symmetry in the markets and aggressive corrections on weekly.
Doc will show analysis for confluence and how we have targets still lower. Maybe don't 'buy the bottom yet'!!
Finally a good example of lower timeframe trendline failure and how to avoid 'getting COOKED'
Your trend is heading into a higher TF "BLOCKER" - its like a small car driving up to and then sitting on a train track.. you will get CRUSHED.
Like and Boost this idea if you get anything from it and want me to do more of these!
Happy Trading
-- Doc
Doc will show analysis for confluence and how we have targets still lower. Maybe don't 'buy the bottom yet'!!
Finally a good example of lower timeframe trendline failure and how to avoid 'getting COOKED'
Your trend is heading into a higher TF "BLOCKER" - its like a small car driving up to and then sitting on a train track.. you will get CRUSHED.
Like and Boost this idea if you get anything from it and want me to do more of these!
Happy Trading
-- Doc
Note
note 3 targets above as short term objectives as mentioned are likely EVEN if we are still heading lower, remember never go in a straight line ;)Note
short term - targets noted here may discuss bigger picture in higher TF w new vid idea tomorrow am.. trade w care -- Doc
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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.
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.