this is a short analysis, tried recording it to explain my trade plan. The idea is to enter upon breaking the upper channel for a long. The tps are fib levels, all the way up to the orange box. SL is 0, fib level.
All levels, tps, sl, entry are in reference to the fib
entry triggers:
entry: 0> - .236
tps: .236, .382, .5, .618
sl: 0
trade safe due diligence is advised!!!
All levels, tps, sl, entry are in reference to the fib
entry triggers:
- 5 waves in a parallel channel(a-e)
- break out and retest
- clear count of abc
entry: 0> - .236
tps: .236, .382, .5, .618
sl: 0
trade safe due diligence is advised!!!
Note
in the video I mentioned scenario where 4 and 1 don't touch, the count is a-e actually.Trade closed: target reached
tp 1, 2 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.