Catching Multi Year Low Or Turning Point
One of the fascinating point for Elliott wave traders that They are able to catch Multi Year Low or Termination point
One Higher time frame it has completed Zig Zag Pattern sub division meet all the Rules and Guidelines ,
C Wave on HTF sub divided in 5 waves where 5th is again sub divided in 5 of 5 up to minute wave on 15 Mints time frame
You can last move is Confirming the end of C of C all degree including an visual text book example of Ending diagonal on 15 Mints chart pattern
Most try to identify the patterns on Higher time frame , its not necessary that all the ending diagonal has to be on higher time frame , the can be smallest as
15 Mints yet they will be powerful ,
One can look for trading on Bullish close of 15 Mints candle and you can look to book near 150 as immediate profit booking area
Good luck
One Higher time frame it has completed Zig Zag Pattern sub division meet all the Rules and Guidelines ,
C Wave on HTF sub divided in 5 waves where 5th is again sub divided in 5 of 5 up to minute wave on 15 Mints time frame
You can last move is Confirming the end of C of C all degree including an visual text book example of Ending diagonal on 15 Mints chart pattern
Most try to identify the patterns on Higher time frame , its not necessary that all the ending diagonal has to be on higher time frame , the can be smallest as
15 Mints yet they will be powerful ,
One can look for trading on Bullish close of 15 Mints candle and you can look to book near 150 as immediate profit booking area
Good luck
Komen:
ha ha , did you miss me wait for 15 mints candle to complete Time Now 9.24 AM