Analysis on chart.
Quarterly uptrend expired, the rgmov wave count suggests we are at the end of a corrective leg.
The price chart suggests we are completing a terminal pattern with a diametric at the end of C.
According to Glenn Neely's wave count this is a B rally, so the next leg should be a very sharp C wave down!
I'm placing a short based on the time at mode weekly signal, using the monthly chart's range expansion entry, which placed my stop slightly above the weekly downtrend mode.
The advance from the top has been incredibly violent and created a series of ripple effects throughout the global currency, metals and equity markets.
The risk off rally in the Yen and this will be my vehicles of choice to surf the waves in this bear market.
Good luck if you take this trade!
Ivan.
Quarterly uptrend expired, the rgmov wave count suggests we are at the end of a corrective leg.
The price chart suggests we are completing a terminal pattern with a diametric at the end of C.
According to Glenn Neely's wave count this is a B rally, so the next leg should be a very sharp C wave down!
I'm placing a short based on the time at mode weekly signal, using the monthly chart's range expansion entry, which placed my stop slightly above the weekly downtrend mode.
The advance from the top has been incredibly violent and created a series of ripple effects throughout the global currency, metals and equity markets.
The risk off rally in the Yen and this will be my vehicles of choice to surf the waves in this bear market.
Good luck if you take this trade!
Ivan.
노트
Can move SL to break even now. 1970.4노트
Stop at BE might get taken out. Either let it hit it and reshort higher, or take the pain and leave the SL be and add to shorts higher.거래청산: 스탑 닿음
Break even stop on the short, ages ago.Posting updated chart this week.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.