Spotted huge potential falling wedge pattern with price moving in rising wedge .
Our immediate trading idea is to wait for possible retracement toward the wave d level of the rising wedge .
At the wave d level we should expect price to rally back up for next leg up at wave e but, if for any reason price break wave d down, it will signal huge BEAR potential and vice versa if the level hold and we move towards wave e.
Oscillating indicator on daily look seriously overbought and i believe this need to cool down so we should expect the drop towards wave d as soon as possible.
Wait for price to test out wave d for possible accumulation with tight stop loss.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Our immediate trading idea is to wait for possible retracement toward the wave d level of the rising wedge .
At the wave d level we should expect price to rally back up for next leg up at wave e but, if for any reason price break wave d down, it will signal huge BEAR potential and vice versa if the level hold and we move towards wave e.
Oscillating indicator on daily look seriously overbought and i believe this need to cool down so we should expect the drop towards wave d as soon as possible.
Wait for price to test out wave d for possible accumulation with tight stop loss.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
Possible wave count for the expected dropTrade active
Trade active
Trade active
Trade active
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Related publications
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.