It appears as though the correction for Wave iv in this ending diagonal since March 2020 looks complete.
If we break the highs I would be inclined to go long assuming that Wave (A) of the Wave v zig-zag is in progress.
Please remember to only enter the trade if the entry level is reached.
Entry: 1.21524
Stop: 1.20807
Target: 26,000 (The same length as Wave (A) of Wave i)
Risk\Reward Ratio: 6
See the full count below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If we break the highs I would be inclined to go long assuming that Wave (A) of the Wave v zig-zag is in progress.
Please remember to only enter the trade if the entry level is reached.
Entry: 1.21524
Stop: 1.20807
Target: 26,000 (The same length as Wave (A) of Wave i)
Risk\Reward Ratio: 6
See the full count below in related ideas.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
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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.