Hadapan E-MINI DOW JONES ($5)Telah dikemas kini a counter trend corrective wave 4 up
We have completed the wave 3 down I called for and are bouncing from the level called, in previous posts. Now we will go up as high as R1 before potentially descending on a 5th wave down.
If we break the R1 that would be very Bullish. Remember at any point it time the odds are 50/50% of going higher or lower, fact. So you have to see both possibilities.
Wave 4 is the hardest wave to read, as wave 2 is simple and corrective, and wave 4 is complex and corrective.
I am a contrarian so I will short the top of the 4th wave with a STOP above R1 in a few days timeframe.
If we break the R1 that would be very Bullish. Remember at any point it time the odds are 50/50% of going higher or lower, fact. So you have to see both possibilities.
Wave 4 is the hardest wave to read, as wave 2 is simple and corrective, and wave 4 is complex and corrective.
I am a contrarian so I will short the top of the 4th wave with a STOP above R1 in a few days timeframe.
Nota
When I say a STOP above the r1 I refer the reader to the double top in May.Above that i would be long.
Nota
May and October 2018. I will probably try a low risk short around 2600 as it would invalidate the pattern even there.Nota
now that I look again the lowest risk trade would be to short at pivot with a stop above the last impulsive wave down in a daily timeframe. This depends on your trading, are you a day trader, or swing trader like me, or a buy and holder.Nota
next wave down soonishNota
I took an ES short here. I tend to get in early.Nota
It's a swing trade not a daytrade.Nota
yup, a corrective 4th wave up, as predicted/Nota
again, at any instant the odds of up and down are 50/50% but there is an inverted head and shoulders, which indicates a possible down move.Nota
I will risk a small money stop out, that if we go down it will be impulsive.
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.