Price has been pretty easy to ready up to now as you can see an impulsive move up where wave (iv) is a clean Zigzag correction with a Triangle for orange wave b.
This indicates that this move down is counter and not establishing a new down trend.
Therefore we can expect price to go higher once more to finish blue wave (v).
As you can see there's a nice Fib cluster around the 15700/15900 zone, so be aware of that as it could act as resistance and might be the turning zone.
This setup is of course invalidated if price drops below 14845.
-> Buying here with a stop at invalidation gives a Reward/Risk of a bit less than 2:1 so, try and find a better place for your stop if you want to improve your R/R ratio. (Hint look at smaller time frames)
This indicates that this move down is counter and not establishing a new down trend.
Therefore we can expect price to go higher once more to finish blue wave (v).
As you can see there's a nice Fib cluster around the 15700/15900 zone, so be aware of that as it could act as resistance and might be the turning zone.
This setup is of course invalidated if price drops below 14845.
-> Buying here with a stop at invalidation gives a Reward/Risk of a bit less than 2:1 so, try and find a better place for your stop if you want to improve your R/R ratio. (Hint look at smaller time frames)
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Questions? Chat or Comment on Ideas
Thanks !
Questions? Chat or Comment on Ideas
Thanks !
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Thanks !
Questions? Chat or Comment on Ideas
Thanks !
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.