ZmijElliot BTC CPI was good? I do not think so...
Updated
Last green (w)(x)(y):
• first ABC clear enough, maybe it is not impulses, but it is triple
• wave (x) very near with impulse, but ok, maybe it is middle-wave
• wave (y) - it is definitely not impulse, because blue wave B created the lower extremum, which divided two parts on triple A and impulse C. I cannot count blue A as an impulse, maybe I am wrong
middle green (A)(B)(C):
• while we are below wave 1 (28 333), it still can be impulse
• even if it is corrective, I am sure, that we need another leg to down after testing the edge of the triangle
• price touched level 38.2% very accurately (it is the minimum level for wave X)
RSI:
• time to down
Questions:
• is the price starting a new impulse to the upside? No, I do not think so
• can the price touch edge of the triangle on level 28 430? I think yes, but it will brock impulse structure, and it will be confirmation, that we have a corrective move to the downside
• where trade? I got a short, but large sl, and I want to take a little more position, if we will build one more wave to the triangle's edge
• first ABC clear enough, maybe it is not impulses, but it is triple
• wave (x) very near with impulse, but ok, maybe it is middle-wave
• wave (y) - it is definitely not impulse, because blue wave B created the lower extremum, which divided two parts on triple A and impulse C. I cannot count blue A as an impulse, maybe I am wrong
middle green (A)(B)(C):
• while we are below wave 1 (28 333), it still can be impulse
• even if it is corrective, I am sure, that we need another leg to down after testing the edge of the triangle
• price touched level 38.2% very accurately (it is the minimum level for wave X)
RSI:
• time to down
Questions:
• is the price starting a new impulse to the upside? No, I do not think so
• can the price touch edge of the triangle on level 28 430? I think yes, but it will brock impulse structure, and it will be confirmation, that we have a corrective move to the downside
• where trade? I got a short, but large sl, and I want to take a little more position, if we will build one more wave to the triangle's edge
Trade closed manually
Bad entry, bad close, big sl.But not so bad result.
Last moves look like triple, not impulse.
• price reached edge of red channel
• green (y) reached 100% or green (w)
Made decision to close position
Trade closed: target reached
It wass great sell
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