Trade active from 9291.
Stop loss at 9391 for 100 point loss if hit.
If we hit the stop it will be a new high and we will likely go to 9.7 for a double top on this wave anyway, as the fractals go, so risk is minimal because we can sell longs there.
Target is white box.
Laddering out profits until target.
Measure twice, cut once.
May all of life's treasures be yours!
Stop loss at 9391 for 100 point loss if hit.
If we hit the stop it will be a new high and we will likely go to 9.7 for a double top on this wave anyway, as the fractals go, so risk is minimal because we can sell longs there.
Target is white box.
Laddering out profits until target.
Measure twice, cut once.
May all of life's treasures be yours!
Trade closed: target reached
Laddered out of position taking profits down to 8951. 75% of position has been closed now, last 25% left for a potential last wave down or will close manually if momentum stalls or reverses.Note
Final 25% closed at 8931 That was a great trade!
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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.