#PAPERTRADE
CONFLUENCE:
- Regardless if it's a expanded W(B) for imcomplete ABC, or a W(5) for impulsive 5 waves or a W(Y) for a longer WXY complex structure, we're going up my guess around 9.5 - 9.7K. Let's see how high and how deep the pullback is
- 10K sounds like good FOMO number for the W(5) if we go to the extreme
- Also within the range of a W(Y) (9,700)
- RSI recharged in bullish zone at 4H TF (above 50)
- OBV high in 1H and 4H
- Too much confluence in terms of measurement within 9.5 - 9.7K
ENTRY:
- Laddered entry between 9.5 -10K
- 33% @ 9,630
- 33% @ 9,700
- 33% @ 9,820
STOP LOSS:
Around 10.8K
- which is above 1.618 ext for 0,W,X,
- above 0.618 ext for W(5) - impulsive count
EXIT:
- 33% at 50% ret (7,090) good SR level
- 33% at 61.8% fib ret (6,340)
- 33% at 78.6% fib ret (5,242)
POSITION SIZE: 100/0.12 = $833
RRR: 3.72
CONFLUENCE:
- Regardless if it's a expanded W(B) for imcomplete ABC, or a W(5) for impulsive 5 waves or a W(Y) for a longer WXY complex structure, we're going up my guess around 9.5 - 9.7K. Let's see how high and how deep the pullback is
- 10K sounds like good FOMO number for the W(5) if we go to the extreme
- Also within the range of a W(Y) (9,700)
- RSI recharged in bullish zone at 4H TF (above 50)
- OBV high in 1H and 4H
- Too much confluence in terms of measurement within 9.5 - 9.7K
ENTRY:
- Laddered entry between 9.5 -10K
- 33% @ 9,630
- 33% @ 9,700
- 33% @ 9,820
STOP LOSS:
Around 10.8K
- which is above 1.618 ext for 0,W,X,
- above 0.618 ext for W(5) - impulsive count
EXIT:
- 33% at 50% ret (7,090) good SR level
- 33% at 61.8% fib ret (6,340)
- 33% at 78.6% fib ret (5,242)
POSITION SIZE: 100/0.12 = $833
RRR: 3.72