Since 5-6 weeks I became a great fan of Elliott Waves theory.
However i'm pritty new in this. So I would appreciate ctiticism.
Roman digits denote the biggest impulse pattern i've identified( i do not claim i've used the right degree here) The expected end of wave Vth around 2400 is borrowed by AnilMangal.
However we nver know whether the Vth wave is not already completed, since it is now a valid Vth wave.
In the lower degree of encircled arabic digits wave 5 is also valid and also could be completed or continiue..
The potential BUY trade is visible on 4h chart, where there is a start of a correction of the IMPULSE of the degree designated with arabic digits in brackets ()
I would personally take the trade if i consider correction of the impulse on degree () completed around FIB 0.618level! STOP LOSS around 2220 level and target somwhere between 2300-2400 level
However i'm pritty new in this. So I would appreciate ctiticism.
Roman digits denote the biggest impulse pattern i've identified( i do not claim i've used the right degree here) The expected end of wave Vth around 2400 is borrowed by AnilMangal.
However we nver know whether the Vth wave is not already completed, since it is now a valid Vth wave.
In the lower degree of encircled arabic digits wave 5 is also valid and also could be completed or continiue..
The potential BUY trade is visible on 4h chart, where there is a start of a correction of the IMPULSE of the degree designated with arabic digits in brackets ()
I would personally take the trade if i consider correction of the impulse on degree () completed around FIB 0.618level! STOP LOSS around 2220 level and target somwhere between 2300-2400 level
Nota
Nota
Placed BUY Limit on 2253.2still considering little bti higher entry on my real account!
Nota
Seems the train is about to leave without me again ..like my USDCAD buy for retracement...However anything is possible ...see in next 12-14 hours.
happy trading!
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.