I see that price has shown a violent rise in a five-wave move and I have redrawn the waves a bit to make it clear where to expect a correction. I think we are currently seeing a correction in wave “4” (104,000).
But most importantly, I expect an update of the high. Therefore, I believe that the level of 115,000 will be reached and it may be a wave “5”, after which we can expect a deeper correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
But most importantly, I expect an update of the high. Therefore, I believe that the level of 115,000 will be reached and it may be a wave “5”, after which we can expect a deeper correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Trade active
Well, the price actively tested the support area of 103,972 and even broke through it, but we still saw strong price growth. This is a good sign that the five-wave movement is still continuing. I expect the price to continue its upward movement. I plan to fix the first profit at 112,000.
In the meantime, you should set trades to breakeven. (Breakeven=Risk Free: Move Stop loss to the entry level).
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✅ Free TELEGRAM channel: t.me/+3vRnN-6fQphiNDVi
🌅 INSTAGRAM: instagram.com/hellena_trader
🌅 INSTAGRAM: instagram.com/hellena_trader
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.