My idea is supported by two main analyses:
HIGH RISK trade, remember this is against the major trend so place your stops accordingly.
Risk/Reward ratio is excellent nonetheless, and that's the main purpose of this trade.
- Elliot Wave count for a triangle formation ABCDE currently at E indicating a new impulse in the opposite direction might be coming.
Bearish Gartley pattern fully formed.
Bearish AB=CD pattern fully formed.
HIGH RISK trade, remember this is against the major trend so place your stops accordingly.
Risk/Reward ratio is excellent nonetheless, and that's the main purpose of this trade.
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Stops moved to BE for protection. The market is unstable, it is better to be prepared and wait for the news.ملاحظة
Trade is evolving just as expected. DJI index official volume numbers show healthy reversal heading lower. I'll use volume as my indicator for an exit in case i see volume decreasing.Stick to the plan.
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Wave 1 seems to be completed. Wait for a retrace to complete wave 2.So far, so good.
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Looking good. ملاحظة
Better than expected. Wave 2 earlier?ملاحظة
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First target, incoming!ملاحظة
Heavy buying at the bond market. Buyer unknown.
This will make yields go lower for a bit. It could boost stocks also.
So, i'm paying close attention.
أغلقت الصفقة: تم الوصول للهدف
On point! 2nd order still open.
ملاحظة
Possible turnaround here, watch this support.ملاحظة
Almost got the second target. Also, the long term trendline seems to be broken (candle closed below) BUT, i'll monitor it anyway.
I also might move my 2nd target further down to last low.
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Bullish GartleyKeep this on your watch. I'll keep my 2nd target but i'll move stops just a bit above my 4th wave projection.
ملاحظة
Was that wave 4? hmmm
أغلقت الصفقة: تم الوصول للهدف
Saw that low volume on the rise, reentered at 24414 and many times on the drop. I call it a day. This is going to retest and possible jumping back, due to the risk I prefer taking profit and waiting for a new opportunity.Hope you had a nice ride as I had.
Cheers
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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.