In the previous idea, we looked at a rare and beautiful diamond pattern that was formed from an expanding triangle. I gave you a short at the breakdown and eventually we got a 4-5% profit. We also saw inside it a flag which also gave us 2% scalping. And here we come to 1 area of interest. From here you can gradually take in long. I would take 30% of the Deposit in that case. For day traders you can take a higher % of Deposit goal 3% profit trading rebound
It is also worth considering the situation at 4H
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Hmm, what have we here?Ah, the diagonal triangle. In this case directed downwards. Exit from it only up, in the continuation of the interrupted microtrend. The output should be impulsive. Here are 2 options of construction of the waves. In the first embodiment, the waves are already finished. I chose 2 option on the chart. Where the waves are still drawn. But I suggest you to place orders for breaking up and rearrange them if you are going to trade it
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For high-risk guys, you can now close the rebound wave C. In principle, we have a level and divergence. What else do scalpers need for happiness?Note
I ran a wave analysis to get a more accurate picture of the latest situation. And found out that we are not just a triangle. And the initial diagonal triangle. In this connection there is 2 zone support. There should be completed 5 impulse wave formation. From there, I consider long with a target of 8800-9000. Focus on the level 8200-8100. The output will be impulsive, the volumes accumulate, the volatility is reduced for the shot up
Just for fun, I also showed you the support on my oscillator
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By the way, someone wrote to me about the flag. Yes, it is here, it could be traded, but I am set for higher goals atmNote
here it is the flag with the obvious corrective waves
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E waves are often shortened, so do not rule out that E wave is ready. In this case, enter at the breakdown
some have already entered, but my task is to reduce the risks
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We have a good fundamental basis. Time after time there was any positive news, that is, we combine fundamental, technical and mental analysisNote
Let's GO
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actually is ABC correction
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by the way, the support zone on the oscillator chart worked accurately, indicating the end of the wave ENote
Well, according to the classics formed the flag
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Good night friends, flag expanded its borders and waves of clearly are visible, can be will go on breakdown, if you still not in long
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Use the new levels to fix the profit and I think the stop can be rearranged into a break-even zone
And please do not draw the widget position on my chart. Night and I forget to clean it up. I am still in position and will be fixed gradually
Trade closed: target reached
who went on the break have +6% Profit. Second TP will give another 2%Trade closed: target reached
another 2%
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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.