Example of an EW analysis failure and our learning to trade with
Om Namah Shivay
Brothers,
On 8-1-21, we did the analysis and target the short to 7.4. We see that the market moved
in our favor only till 90 paisa and then went in opposite direction. We were supposed to
be out from trade with our stop loss at 12.50. So were were in a failure.
After the trade failure with our EW analysis, we were supposed to re-analyze before taking the trade.
If we see the today's move, we may assume that one abc leg is complete, and some up movement is
pending and so so.
Om Namah Shivay
Brothers,
On 8-1-21, we did the analysis and target the short to 7.4. We see that the market moved
in our favor only till 90 paisa and then went in opposite direction. We were supposed to
be out from trade with our stop loss at 12.50. So were were in a failure.
After the trade failure with our EW analysis, we were supposed to re-analyze before taking the trade.
If we see the today's move, we may assume that one abc leg is complete, and some up movement is
pending and so so.
Om Namah Shivay
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