This is the big picture
wave iii has concluded , since wave ii was shallow wave iv may go deep
50 % retracement stands @ 75 , Hence buy when Federal bank reaches 75 levels (stop loss should be 50)
Target for wave v should be much higher (above 130)
but this trade may take some more time to materialise
wave iii has concluded , since wave ii was shallow wave iv may go deep
50 % retracement stands @ 75 , Hence buy when Federal bank reaches 75 levels (stop loss should be 50)
Target for wave v should be much higher (above 130)
but this trade may take some more time to materialise
Note
a small correction in the placement of wave 1Note
i am not sure of wave 1 placement , that is the reason i gave an alternative placementif given a choice , i will prefer the 1st placement of wave i
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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.