Upon reviewing my trade, I decided to zoom out and PROBABLY try to complete the wave pattern. It seems that the original ending diagonal of a 5th wave may be wrong but price may still be trading in the 5th wave, i.e a parallel channel. I also notices that before the start of the 5th wave, there was indeed a correction ( double three) and MAY indicate that the steep and strong wave before the correction was an extended 3rd wave.
SO, its still likely that the sell trade may be still valid (unless it breaks the upper trendline) and based on guidelines, 2 potential support zone may be tested (horizontal lines- red).
P/S: Still a newbie, but worth taking a risk and seeing if it does play out. Risk on trade: 1.5%
SO, its still likely that the sell trade may be still valid (unless it breaks the upper trendline) and based on guidelines, 2 potential support zone may be tested (horizontal lines- red).
P/S: Still a newbie, but worth taking a risk and seeing if it does play out. Risk on trade: 1.5%
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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.