There are two possibilities
The first
to make down move to TP1 area and then break the last top
The second
a bearish wave without breaking the top and make correction within TP1 and TP2
In both cases, we are making down move to TP1
I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart
TP and SL positions have been identified on the chart
good luck
The first
to make down move to TP1 area and then break the last top
The second
a bearish wave without breaking the top and make correction within TP1 and TP2
In both cases, we are making down move to TP1
I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart
TP and SL positions have been identified on the chart
good luck
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Trade active
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here is my setup make sure to have SL
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in the second zone i add one moe short trade Trade active
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nice move from the box !close the half and the SL on the top of the box
we will see if there is this wave will make new top
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move the SL from the top of the ox to the last topNote
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all trade should be at BENote
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from here we might have correction fso taking profit its best thing todo
i will wait for the correction then and i wll look for chance to jump
so its TP area ✍(◔◡◔)
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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.