Trading plan
SL:20,448.6
TP:17,000 / floating
Trading set up
(ABC) correction
A-Wave: Initial sharp decline with increasing volume, breaking short-term support.
B-Wave: Temporary recovery (typically 50-61.8% retracement) with lower volume.
C-Wave: Final decline, typically final capitulation, targeting major support and weekly moving averages or 1,618 fib level around 17,000 level as target price for correction
reasoning:
Trade war, trump tariff ,geopolitical issue and stocks has been overpriced for the last couple of months.
SL:20,448.6
TP:17,000 / floating
Trading set up
(ABC) correction
A-Wave: Initial sharp decline with increasing volume, breaking short-term support.
B-Wave: Temporary recovery (typically 50-61.8% retracement) with lower volume.
C-Wave: Final decline, typically final capitulation, targeting major support and weekly moving averages or 1,618 fib level around 17,000 level as target price for correction
reasoning:
Trade war, trump tariff ,geopolitical issue and stocks has been overpriced for the last couple of months.
Trade active
take profitTrade closed: target reached
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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.
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.