Price has now reached our target as anticipated. The question is, when do we SELL?
Anyway, for those who follow the D, I am sure it has saved you guys a lot of trouble. At least you know where/when to start SELLING. Many others who started selling EARLy had all lost their money.
As we can see, there are 3 D's. Price can still move UP to 6,800. Bear that in mind. Or has already reached the max at 6,291!!!
Price is at where they are, there are 2 choices:
a) SELL now and SL @ 6,300
b) SELL when price touched the lower D @ 6,140 with SL @ 6,291
Whichever way, the R/R is still FANTASTIC.
It is true that MARKET MAKER might still take advantage and try to screw short sellers. But even they would find it hard at the D. For even they need to respect it a bit.
If you know your D, you trade safer.
Good luck.
Anyway, for those who follow the D, I am sure it has saved you guys a lot of trouble. At least you know where/when to start SELLING. Many others who started selling EARLy had all lost their money.
As we can see, there are 3 D's. Price can still move UP to 6,800. Bear that in mind. Or has already reached the max at 6,291!!!
Price is at where they are, there are 2 choices:
a) SELL now and SL @ 6,300
b) SELL when price touched the lower D @ 6,140 with SL @ 6,291
Whichever way, the R/R is still FANTASTIC.
It is true that MARKET MAKER might still take advantage and try to screw short sellers. But even they would find it hard at the D. For even they need to respect it a bit.
If you know your D, you trade safer.
Good luck.
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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.