BTCUSD is about to start a correction on downward direction after finished ABC as X, reason for this idea is a triangle correction is occurred on wave 4 and as per Elliot waves principle which stated that a triangle correction is the last correction wave before last impulsive wave (5)
another reason also that prices broke the bottom of the last impulsive wave 5
So now since there is no break of top of wave 5 a correction downward is a good idea
Good luck ,
another reason also that prices broke the bottom of the last impulsive wave 5
So now since there is no break of top of wave 5 a correction downward is a good idea
Good luck ,
Trade active
Trade active
Take profit and shift stop loss to entryTrade active
We can take the second profit and the stop loss on entry as mentioned beforeTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.