looking to complete wave b movement around 61% of wave a then we go for wave c
according to wave principle wave 4 must never retrace into the territory of wave 1....thats your stoploss distance for a short setup with almost triple the reward
expecting wave b to retrace atleast 61 or 78 % of wave a
expecting wave B to retrace atleast 61 or 78 % of wave A then we go for wave C..have a great weekend and a profitable trading week ahead.
nas is currently playing the last leg of wave c of wave 4
wave B ending diagonal wave 5 stops before reaching the end of wave 3 "Truncation"...we completing wave c