Big trend, In Elliot wave: We are on Leg B->Leg C (Bearish)
In Medium trend: we are spring back from 61.8 (15K-73K). can either go up or down.
In Daily trend, we are in bearish flag (orange parallel line) and we spotted 2 butterfly pattern. so our trading plan is we are going to long until 60k. then we open the short position in the red box range. and our target for short position is 47.6K
In Medium trend: we are spring back from 61.8 (15K-73K). can either go up or down.
In Daily trend, we are in bearish flag (orange parallel line) and we spotted 2 butterfly pattern. so our trading plan is we are going to long until 60k. then we open the short position in the red box range. and our target for short position is 47.6K
Trade active
Note
trailing stop, but still activeTrade closed: target reached
Sell 61000Trade active
Open Short position 62500
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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.