Elliot Wave shows us that 4th leg could be completed with a sharp decline. However, 5th leg is quite short and might have more room to go upside and explore between 75-78k. If the price wouldn't consolidate around 75k min. shorts can start following the Elliot wave pattern A-B-C and will meet the Higher low trend line. It seems it hasn't touched the trend line yet. Overall, It looks positive until 75-78k.
Trade closed manually
Closed with a small loss to buy back from 57k - 60kTrade active
Bought at 68k -possible bounce If it it holds today!Trade closed: target reached
Cover the loss of profit - balance my portfolio. Sideways reverse triangle incoming...
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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.