As I posted this morning my parameters for the suggested trade I set my stop at $42. It was a small order but nonetheless I was obviously stopped out. If you're in the trade still please know what your risk levels are and establish stops. I have posted many times, I'm not a trader. SO for me to get stopped out and then price run away from me is kind of a running joke.
However I've chosen to include a link to a 3 minute chart. This micro chart shows we have a clear 5 wave impulse up and so far only 3 waves down. So even though I got stopped out this still appears to be a good trade.
If price tonight or tomorrow takes out $47...it may rip to the upside. I say "May" rip....only because this is still a wave 4 so remain vigilant. I'll continue to update on this trade until we breach today's low in which case it's a busted pattern and no one should still be in this set up.
Best to all,
Chris
However I've chosen to include a link to a 3 minute chart. This micro chart shows we have a clear 5 wave impulse up and so far only 3 waves down. So even though I got stopped out this still appears to be a good trade.
If price tonight or tomorrow takes out $47...it may rip to the upside. I say "May" rip....only because this is still a wave 4 so remain vigilant. I'll continue to update on this trade until we breach today's low in which case it's a busted pattern and no one should still be in this set up.
Best to all,
Chris
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.