We have a valid WXY corrective pattern at wave four, which prints a low wick at .382 ret of wave 3.
Anticipating a break of resistance trendline for wave 5.
If the position comes into fruition, SL should be placed below the assumed end of wave 4.
Anticipating a break of resistance trendline for wave 5.
If the position comes into fruition, SL should be placed below the assumed end of wave 4.
Note
H1 RSI Trade closed: target reached
closed in sell zone
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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.