ARIASWAVE - GOLD LONG TRADE IDEA - Target: All-Time-Highs.
This is a follow up idea to the video posted this morning linked in related ideas below.
It appears as though Wave E of Wave ii could be a very short move which gives us an opportunity to go long with a very short stop.
A potential reason for the small Wave E could be strength in the market in an impulsive start to Wave 3.
The subsequent bounce looks impulsive rather than corrective but it is advisable to follow the parameters below.
Should this idea be correct then we would need to break the last high for entry.
ENTRY: $1823
STOP: $1817
TARGET: $2077
RISK REWARD RATIO: 41
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 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.
It appears as though Wave E of Wave ii could be a very short move which gives us an opportunity to go long with a very short stop.
A potential reason for the small Wave E could be strength in the market in an impulsive start to Wave 3.
The subsequent bounce looks impulsive rather than corrective but it is advisable to follow the parameters below.
Should this idea be correct then we would need to break the last high for entry.
ENTRY: $1823
STOP: $1817
TARGET: $2077
RISK REWARD RATIO: 41
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 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.
I am expecting 5 Waves down from here.
We seem to be in Wave 3 down now.