PSL | Detailed Elliott Wave Projection - Bullish Scenario
Price action and chart pattern trading
> A more detailed project of Elliott Wave presents an alternative bullish scenario.
> An Impulse ZZ family has possibly presented a wave 2 intermediate position going up making wave 3 on the way.
> 1st target at wave 1 position, 2nd target at wave 3 at 1.213 - 1.618 zone and final target at wave 5 at 1.618 - 2.618 extension zone
> Stoploss at the lowest position of wave 2 with downside risk at 10 - 15%.
> RR at 2:1 for short term and 3:1 for medium term trade.
> The extended target of Primary Wave 5 is projected with 1.618 - 2.618 retracement of primary wave 4 at 33.5 - 40.5 for your run trend lot.
Always trade with affordable risk and respect your stoploss.
> A more detailed project of Elliott Wave presents an alternative bullish scenario.
> An Impulse ZZ family has possibly presented a wave 2 intermediate position going up making wave 3 on the way.
> 1st target at wave 1 position, 2nd target at wave 3 at 1.213 - 1.618 zone and final target at wave 5 at 1.618 - 2.618 extension zone
> Stoploss at the lowest position of wave 2 with downside risk at 10 - 15%.
> RR at 2:1 for short term and 3:1 for medium term trade.
> The extended target of Primary Wave 5 is projected with 1.618 - 2.618 retracement of primary wave 4 at 33.5 - 40.5 for your run trend lot.
Always trade with affordable risk and respect your stoploss.
Nota
Note: The current wave could be an ascending diagonal intermediate wave.
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.