Continuing on previous IOT short idea where I shorted wave C of 4 - expecting an extended 5 wave structure following an irregular flat.
Now price action has reversed at the start of wave 1 with a valid 5 wave structure that is wave C of 4.
We can long for wave 5.
Now price action has reversed at the start of wave 1 with a valid 5 wave structure that is wave C of 4.
We can long for wave 5.
Note
end of wave 1 rather*Trade closed manually
wait and see what btc doesTrade active
i got back in with a better base price, reducing position size and sticking to the original planNote
let's see where this takes us, set SL to break even.
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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.