US30 hasn't finished its bearish leg. According to our analysis, we are still in wave C of the major ABC correction. Wave C has 5 waves are we are currently on the 3rd wave (which is also made up of 5 subwaves)
For this trade idea, we require some time for the subwave 4 to appear, which will look like a correction. Once we see this correction, we can use a simple trendline and watch for it to break and enter accordingly.
Trade idea:
- Watch for subwave 4 correction to appear
- Draw a trendline for this correction
- Entry: break of trendline
- SL: above price once the trendline breaks
Goodluck and as always, trade safe!
For this trade idea, we require some time for the subwave 4 to appear, which will look like a correction. Once we see this correction, we can use a simple trendline and watch for it to break and enter accordingly.
Trade idea:
- Watch for subwave 4 correction to appear
- Draw a trendline for this correction
- Entry: break of trendline
- SL: above price once the trendline breaks
Goodluck and as always, trade safe!
Note
Watch for these 3 things to happen Note
Anyone catch it?
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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.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.