After an extreme down bar at 1 - selling climax, we have an impulsive move at 2 and an ABC wave down to the support level. It should look like a harmonic pattern also.
Buy near support level with 2 ATR stop loss. if we hit 1st target - swing point a, move stop to break-even. Our main target is the high of wave 2.
Buy near support level with 2 ATR stop loss. if we hit 1st target - swing point a, move stop to break-even. Our main target is the high of wave 2.
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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.