PRS #4 EXTENDED FINALE, DON'T FALL FOR THE BEAR TRAP.
The zig-zag before the train leaves is always the hardest for new traders. Will there be another opportunity to buy? I think so as the 2 FED dates are likely to sandwich this "wave 5" (Ralph Nelson, karma is real, you better not fail here). But, that doesn't mean you'll get a another shot at 1795. BTW, PRS is an intermediate trading system for this very reason. This is why I recommend a minimum of 4 tranches. Most of the time markets just go sideways, up and and down and up and down. You are not going to "nail the low". If you did, don't be fooled because it wasn't skill. Anyway, for PRS Live Test #4, sub 1800 is a strong buy. If I can get 1848 in the week ahead, I might close #4 to prep for the big move up. If not, just hold to 1900.
Note
In my most bearish scenario, I have 1900 ish for September 5th.Note
In my base case, we get tag 1900 in august before taking out 2025+ by 09/05.Note
FED DATE IS 7/29 NOT 7/31!!
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.
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.