I originally went long after seeing a potential breakout setup, expecting a higher time frame Wave 5 to unfold.
I had multiple chances to take profit on the way up (marked with red circles), but decided to hold since my wave count suggested there was more upside ahead.
After the third rejection, I spotted a clean mini 1-2-3-4-5 structure, and once Wave 5 completed, price broke below the end of Wave 1 — which confirmed weakness.
I flipped short right after exiting my long.
Almost immediately, a parabolic green candle appeared around 4 AM EST, which looked suspicious to me.
I held through it instead of panic-stopping, because the structure still looked like a completed impulse followed by a correction.
Zooming into lower time frames gave further confidence in the five-wave completion, supporting the short setup.
I had multiple chances to take profit on the way up (marked with red circles), but decided to hold since my wave count suggested there was more upside ahead.
After the third rejection, I spotted a clean mini 1-2-3-4-5 structure, and once Wave 5 completed, price broke below the end of Wave 1 — which confirmed weakness.
I flipped short right after exiting my long.
Almost immediately, a parabolic green candle appeared around 4 AM EST, which looked suspicious to me.
I held through it instead of panic-stopping, because the structure still looked like a completed impulse followed by a correction.
Zooming into lower time frames gave further confidence in the five-wave completion, supporting the short setup.
تم فتح الصفقة
TP at the first red after where my 5th wave end. That red candle touched fib 382 and rebounded, now it looks like this may be starting a big wave 3
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.