The recent breakout from the ascending wedge (a bearish pattern) may have been an extension of the previous 5 waves, rather than the start of a new set.
This would be a "non-failure" swing because it didn't fail to break above the (5) wave.
My lower targets are based on the general rule that support is found at the (4), but in a low liquidity markets we can lower that to the (2). We can still place a stop below the (1), but a secondary stop could help you sleep.
Then, the magic sauce of the non-failure is a fairly reliable resistance under the A wave, which provides a short with a target just below the (4).
This would be a "non-failure" swing because it didn't fail to break above the (5) wave.
My lower targets are based on the general rule that support is found at the (4), but in a low liquidity markets we can lower that to the (2). We can still place a stop below the (1), but a secondary stop could help you sleep.
Then, the magic sauce of the non-failure is a fairly reliable resistance under the A wave, which provides a short with a target just below the (4).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.