It this scenario there is a well established pattern (SO FAR) that you can easily see on the chart.
elliot wave
1,2 wave clearly seen
3,4 wave showing what can so far be a nice abcde triangle wave
5 wave could be incoming.
1,2,3,4,5 impulse forming potential 5th wave.
td sequential
C and E of wave 4 both hit TD9's on the 1hr
moving average show bearish cross of ma50 over ma100
elliot wave
1,2 wave clearly seen
3,4 wave showing what can so far be a nice abcde triangle wave
5 wave could be incoming.
1,2,3,4,5 impulse forming potential 5th wave.
td sequential
C and E of wave 4 both hit TD9's on the 1hr
moving average show bearish cross of ma50 over ma100
Trade closed: target reached
Target of this trade was reached. 8900stopped closed. Yes, I did hold my short this
entire time. You can do that when you are using
low leverage.
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.
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.