2 Sceneries:
Purple Arrow-(my preference):
Main Data:
Indicator Top-Stop loss: 1,250.00$
Entering Selling Point: 1,228.73$
Target Shell(*):1,090.91$
R R Ratio: 6.471
Commentary:
1,250.00$ is a junction of fibonacci numbers+indicators top zone+Target Shell(*)achievement, the Targeting down there
would be the zone of 1,100.00$-1,070.00$,it is a bouncing zone, that would pull prices up, but the Target is not defined yet, because the corrective pattern looks incomplete.
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Red Arrow-(Alternative):
Main Data:
Indicator Bottom-Stop loss: 1,250.00$
Entering Buying Point: 1,303.00$
Target Shell(*):1,464.67$
R R Ratio: 4.05
Commentary:
If support level of 1,250 $ is broken up, it can be used as a Bottom & Stop loss Zone, in that case the Target Shell(*) would be of 1,464.00 $ zone.
..................................
(*) Target Shell: is a Formula that projects upcoming targets, in function of the Wave pattern evolution + Fb numbers reached+ psychological resistance and support levels taken.
it can be defined as the most possible value to be reached in the next movement.
Purple Arrow-(my preference):
Main Data:
Indicator Top-Stop loss: 1,250.00$
Entering Selling Point: 1,228.73$
Target Shell(*):1,090.91$
R R Ratio: 6.471
Commentary:
1,250.00$ is a junction of fibonacci numbers+indicators top zone+Target Shell(*)achievement, the Targeting down there
would be the zone of 1,100.00$-1,070.00$,it is a bouncing zone, that would pull prices up, but the Target is not defined yet, because the corrective pattern looks incomplete.
_____________________________________________________________________________________________________________________
Red Arrow-(Alternative):
Main Data:
Indicator Bottom-Stop loss: 1,250.00$
Entering Buying Point: 1,303.00$
Target Shell(*):1,464.67$
R R Ratio: 4.05
Commentary:
If support level of 1,250 $ is broken up, it can be used as a Bottom & Stop loss Zone, in that case the Target Shell(*) would be of 1,464.00 $ zone.
..................................
(*) Target Shell: is a Formula that projects upcoming targets, in function of the Wave pattern evolution + Fb numbers reached+ psychological resistance and support levels taken.
it can be defined as the most possible value to be reached in the next movement.
تم فتح الصفقة:
I´m doing this at stop loss breakeven.1,250 has been activated twice(purple &red line as well).
Now I´m trading red line upward to the target of 1,464.67 $ zone.
The result accumulated up now is -75$ / Unity, So we sitll have a R R Ratio =2.17.
An one more try climbing by red line is still profitable.
Now I´m trading red line upward to the target of 1,464.67 $ zone.
The result accumulated up now is -75$ / Unity, So we sitll have a R R Ratio =2.17.
An one more try climbing by red line is still profitable.