There has been a retrace after a bullish impulse that could be the start of wave-5-of-(Y). A drop below the start of wave-i would point to deeper retrace, so stop will be placed here and we will look for a lower entry with similar setup. The R/R is about 5:1, worth the risk of testing the breakout. I will update as receive more signals.
Trade active
Trade closed: stop reached
Watch for the next possible reversal level at AB=CD to complete a possible zig-zag. I'll only buy the pullback after an impulse from this level:
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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.