In this video I explain what we are seeing here and what this pattern is.
Given that I have adjusted the type of pattern identified and added the channel, this indicates that the downside is limited.
In order to complete Wave E we need to see the last part of this wave v zig-zag unfold and make one new low.
Entry: At Market
Stop: $1811
Target: $1677
Risk Reward Ratio: 9
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Given that I have adjusted the type of pattern identified and added the channel, this indicates that the downside is limited.
In order to complete Wave E we need to see the last part of this wave v zig-zag unfold and make one new low.
Entry: At Market
Stop: $1811
Target: $1677
Risk Reward Ratio: 9
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
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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.
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.