Hey guys, wanted to share an idea I've been following for the last few days. Please know I'm a beginner trader and you should always do your own research.
Token: BUY
Entry: Bull Flag Retest/ Rebuy Zone
Target: 0.25
Stop Loss: 0.0791
Analysis: BUY seems to be completing its wave 4 inside an impulse wave that started on May 5. 1st Fibonacci target for wave 5 comes to around 0.25. Coincidentally waves 3 and for 4 have built a bull flag that gives us the same target of 0.25 based on the length of the flag pole.
Please remember the above is not financial advice and I'm a beginner trader learning from more experienced traders teaching TA & EWT.
If you see something I've missed or would like to share an opinion please feel free to let me know in the comments section below.
Be great. FF2021
Token: BUY
Entry: Bull Flag Retest/ Rebuy Zone
Target: 0.25
Stop Loss: 0.0791
Analysis: BUY seems to be completing its wave 4 inside an impulse wave that started on May 5. 1st Fibonacci target for wave 5 comes to around 0.25. Coincidentally waves 3 and for 4 have built a bull flag that gives us the same target of 0.25 based on the length of the flag pole.
Please remember the above is not financial advice and I'm a beginner trader learning from more experienced traders teaching TA & EWT.
If you see something I've missed or would like to share an opinion please feel free to let me know in the comments section below.
Be great. FF2021