As per previous warning of the possibility of upwards liquidity grab first, here are updated details and a better entry for this trade.
Entry - 118,500-119,000
Stop Loss - 122,000
Target 1 - 62,000
Target 2 - 35,000
Target 3 - 8,000
- Note that per my plan we would drop to 35,000 and retrace (long) back up to 84,000 to 90,000 to form a 3 wave corrective drop.
- Note that the ultimate bottom could also sit between 17,000 to 19,000, however per my years of work, I believe 7,000 to 8,000 will be hit.
NOTE THIS IS NOT FINANCIAL ADVICE NOR IS IT A SUGGESTION ON HOW TO MANAGE YOUR MONEY. THIS IS MY PERSONAL TRADE ONLY.
Happy Trading.
Entry - 118,500-119,000
Stop Loss - 122,000
Target 1 - 62,000
Target 2 - 35,000
Target 3 - 8,000
- Note that per my plan we would drop to 35,000 and retrace (long) back up to 84,000 to 90,000 to form a 3 wave corrective drop.
- Note that the ultimate bottom could also sit between 17,000 to 19,000, however per my years of work, I believe 7,000 to 8,000 will be hit.
NOTE THIS IS NOT FINANCIAL ADVICE NOR IS IT A SUGGESTION ON HOW TO MANAGE YOUR MONEY. THIS IS MY PERSONAL TRADE ONLY.
Happy Trading.
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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.
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.