Chase the C leg of ongoing pullback. Its almost always a 5 wave count.
Exit at wave (4) : 11100...11750
Target for wave (5) : 8700
P.S. : Beware that rest of the exchange charts are a little lower than Kraken.
Exit at wave (4) : 11100...11750
Target for wave (5) : 8700
P.S. : Beware that rest of the exchange charts are a little lower than Kraken.
Comment
Wave (4) completed as expected. Sleep in fiat.Wave (5) will be studied again as wave (3) is over-swinged.
Comment
Several unsuccessful attempts to break C leg. Its safe as long as H4 closes below 11832 (0.5 fib). Swing trade options start above that.Comment
Stall on pivot line. As leg (4) swinged higher to (0.382 fib) upcoming leg can be lower than mentioned above.Comment
Bulls are tired and unreliable. Risk/Reward is to high.Comment
Comment
TP @ 11650 --- Profit +1%Too many resistances to tackle with, recent lower leg is damaged but still bearish.
Comment
Bears won for this leg.Disclaimer
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