Nice long break out from the previous wave 1 high, this aligns with the price action nicely aligning with the top of the bollinger band.
Stop loss is placed below the high of wave 1. As a note i have placed the fib from the absolute bottom of the range to the peak. instead of starting at the break out of the original range
Stop loss is placed below the high of wave 1. As a note i have placed the fib from the absolute bottom of the range to the peak. instead of starting at the break out of the original range
Trade closed: stop 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.