I always wait for a correction to occur which is, for me, an area with multiple overlapping waves.
The blue trend line is my signal line and I enter when it breaks sharply. The Wave which breaks the blue trend line may be wave X, a new impulse (hopefully), or a failure 5 based on the Elliott Wave principles.
The blue trend line is my signal line and I enter when it breaks sharply. The Wave which breaks the blue trend line may be wave X, a new impulse (hopefully), or a failure 5 based on the Elliott Wave principles.
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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.