My current high probability bounce zone is somewhere in the box. I'm using box-entry as an eyes-on trigger. I don't intend to open a long position until I see a wave 1 candidate materialise in that zone (see bottom left for the previous)..
Justification for box bounds:
(i) Intersection of base and deceleration channels
(ii) wave A-B length parity confluence
(iii) min 50% retracement
(iv) max 78.6% retracement (considering market exuberance)
(v) Christmas insobriety ???
Justification for box bounds:
(i) Intersection of base and deceleration channels
(ii) wave A-B length parity confluence
(iii) min 50% retracement
(iv) max 78.6% retracement (considering market exuberance)
(v) Christmas insobriety ???
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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.