Hey Traders, here's a potential trade based on the current Elliott Wave count. There are a few possible alternatives as indicated on the chart text. If the base of wave-C is broken, I anticipate a deeper drop into either a long bearish impulse or the second half of a double zig-zag. Either way, breaking of this support will indicate further drop. If this level remains unbroken I will cancel the stop and start looking for bullish breakouts. Updates to come, cheers!
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Nice drop through entry, looking at about +12 pips at this point. SL is set in original with B/E point at 1:1Trade closed: stop reached
This short hit SL for -42 pips
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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.