hi all
Weekly summaries:
Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks.
So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long.
In the elliott wave chart,
I think the price is in wave 4 after an extended wave 1 and is about to complete wave 5 unless it breaks through the level of149.787, then I'm expecting wave 3 to end at a level between 158 and 160.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
Weekly summaries:
Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks.
So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long.
In the elliott wave chart,
I think the price is in wave 4 after an extended wave 1 and is about to complete wave 5 unless it breaks through the level of149.787, then I'm expecting wave 3 to end at a level between 158 and 160.
Let me know what you think In the comments!
My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Thanks a lot for your support.
Note
UPDATE
Note
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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.