The current Elliott Wave pattern analysis remains valid as long as price stays below $2,757
Daily closes above $2,757 would invalidate the current wave count
Traders should exercise caution and consider adjusting positions if price approaches this critical level
This invalidation level serves as a key risk management point for positions based on this analysis
This creates a clear strategic boundary for:
Risk management
Position sizing
Strategy validation
Stop-loss placement
Trading Tip: Using daily closes rather than intraday spikes provides more reliable signals and helps avoid false invalidation due to market noise.
Invalidation Level: Elliott Wave Pattern Becomes Invalid Above $2,757
Daily closes above $2,757 would invalidate the current wave count
Traders should exercise caution and consider adjusting positions if price approaches this critical level
This invalidation level serves as a key risk management point for positions based on this analysis
This creates a clear strategic boundary for:
Risk management
Position sizing
Strategy validation
Stop-loss placement
Trading Tip: Using daily closes rather than intraday spikes provides more reliable signals and helps avoid false invalidation due to market noise.
Invalidation Level: Elliott Wave Pattern Becomes Invalid Above $2,757
Trade active
My EW count remains valid.
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.