I have benn watching the monthly charts for some time. I believe the monthly charts shows that we were in a large triangle that originated in March of 2000 and finished in 2011. It spanned a total of 5943 pts. If the E wave was finished at 4979 that would give us a target of 10922. We have only slightly gone beyond this.
What I believe I am showing you on this chart is the Final wave structure up from 4979 and this 5th wave came out of a triangle at approx 9400. Time will tell - but at least your risk to reward is tight. Going short and holding on to position. Stop at Invalidation. Position trade - not a scalp
What I believe I am showing you on this chart is the Final wave structure up from 4979 and this 5th wave came out of a triangle at approx 9400. Time will tell - but at least your risk to reward is tight. Going short and holding on to position. Stop at Invalidation. Position trade - not a scalp
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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.