correction trade
-- wave 5 looks to be unfolding into an ending diagonal.
-- trade is valid only if price keeps behaving within the EW ending diagonal principles
-- wait for 2 sets of abc completing 4 and 5 moves before considering a trade.
-- targets Fib retracement
-- remember to take profit, a shallow retracement is possible
-- see daily chart attached
-- wave 5 looks to be unfolding into an ending diagonal.
-- trade is valid only if price keeps behaving within the EW ending diagonal principles
-- wait for 2 sets of abc completing 4 and 5 moves before considering a trade.
-- targets Fib retracement
-- remember to take profit, a shallow retracement is possible
-- see daily chart attached
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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.