We have two trading strategies available
1. The first approach involves simplicity: focusing solely on trading the C wave. We wait for the completion of the A wave, identify the subsequent B wave, and then use price action signals to enter the market.
2. Alternatively, we can opt for a strategy where we wait for a higher high before initiating a long position. We set our stop-loss below the previous low to manage risk effectively.
1. The first approach involves simplicity: focusing solely on trading the C wave. We wait for the completion of the A wave, identify the subsequent B wave, and then use price action signals to enter the market.
2. Alternatively, we can opt for a strategy where we wait for a higher high before initiating a long position. We set our stop-loss below the previous low to manage risk effectively.