Elliott wave trader buy at the low of wave 1 and 3 while exit at 5th wave
buying at the low of 1st wave or 2nd corrective wave give you numbers for both sl and tp.
since 3rd wave always move beyond the high of 1st wave and longest among 1,3 and 5, catching 3rd wave alone gives you enough profit.
if you buy at 2nd corrective wave you put your sl below low of 1st wave.
as Elliott wave has guidelines for every wave. buying at the low of 2nd wave give you opportunity to profit 3 and 5 wave at the same time. Since 4th wave can't enter in the price territory of 1st and you entered below the high of 1st wave you can lock your profit at 1st wave and wait till end of 5th which give profit of entire trend.
buying at the low of 1st wave or 2nd corrective wave give you numbers for both sl and tp.
since 3rd wave always move beyond the high of 1st wave and longest among 1,3 and 5, catching 3rd wave alone gives you enough profit.
if you buy at 2nd corrective wave you put your sl below low of 1st wave.
as Elliott wave has guidelines for every wave. buying at the low of 2nd wave give you opportunity to profit 3 and 5 wave at the same time. Since 4th wave can't enter in the price territory of 1st and you entered below the high of 1st wave you can lock your profit at 1st wave and wait till end of 5th which give profit of entire trend.
Dagangan ditutup: hentian tercapai
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.