EW alternative count
This is one of my scenarios based on EW count for this trade that I might take in the followings, if I will get PA confirmation which validates it.
The trade is based on completion of the 4th wave (a retracement of near 50% of wave 3, and 4 didn't entered the range of wave 1) and beginning of the 5th wave (on smaller TF we can see a wave 1 and wave 2 completion both part of the 5th waves subwave 1 I think based on proportions.
Please do your own analysis before jumping on this one, because of the relatively large SL and because EW counting is merely subjective in any instance, there could be also a better approach to this one.
But I like it! :)
The trade is based on completion of the 4th wave (a retracement of near 50% of wave 3, and 4 didn't entered the range of wave 1) and beginning of the 5th wave (on smaller TF we can see a wave 1 and wave 2 completion both part of the 5th waves subwave 1 I think based on proportions.
Please do your own analysis before jumping on this one, because of the relatively large SL and because EW counting is merely subjective in any instance, there could be also a better approach to this one.
But I like it! :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.