The pullback from the high 60s could still have some room to go, and we see current price action as an excellent short-term opportunity for a very good risk reward ratio trade.
If the wave count show on the chart is valid, Wave 4 would not go past Wave 1, so we will test a trade with a very short stop loss (around 3% from current levels).
Profit targets are shown on the chart, based on Wave 3 and an important support level.
If the wave count show on the chart is valid, Wave 4 would not go past Wave 1, so we will test a trade with a very short stop loss (around 3% from current levels).
Profit targets are shown on the chart, based on Wave 3 and an important support level.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.