I'm layering in orders at retrace levels indicated. Note the % differences. This is a HIGH RISK strategy if anyone were to follow me. A much safer entry is after a 3-wave retrace to support as indicated, followed by taking out the 4.18 high. That said, there's no guarantee of a retrace at all, or certainly not of a deep retrace.
Red line indicates the initiation of the supposed Ending Diagonal to - again supposedly - end the long-term decline.
Trade safe. Capital preservation is paramount. DO NOT RISK MUCH on high risk entries.
Red line indicates the initiation of the supposed Ending Diagonal to - again supposedly - end the long-term decline.
Trade safe. Capital preservation is paramount. DO NOT RISK MUCH on high risk entries.
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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.