As we can see double bottom has already established and got broken and now to make sure that we're going to the right direction. We used our compass which is elliott waves and we saw that we're going first to have a corrective wave (2) and then going for the motive wave (3).
Signal after breaking the highest high Long with stop loss as explained.
Money management first.
Signal after breaking the highest high Long with stop loss as explained.
Money management first.
Note
As we can see the prices can't get above this resistance. Let's wait for confirmation.Note
Broke the resistance, Let's wait for retest on either the last peak or the resistanceNote
Closed signal. Due to FOMC Conference in 30 mins. Volatility will be high.
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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.