Nice, Target 1 got hit, and the bearisch divergences on the RSI and the Histo confirm the 5th wave is done imo....
Therefore i'm looking for a rebuy after the corrective waves, not going to follow these but i'll just ladder in just below 0.5 all the way down to 0.786....
Remember, now this elliott sequence is done it becomes the first wave of a bigger elliott wave... (fractals) This correction will become wave 2....
let's see how this plays out...
the blue lines are the horizontal supportlines i find important...
sorry for the messy chart, i hope you get the bigger picture...
Therefore i'm looking for a rebuy after the corrective waves, not going to follow these but i'll just ladder in just below 0.5 all the way down to 0.786....
Remember, now this elliott sequence is done it becomes the first wave of a bigger elliott wave... (fractals) This correction will become wave 2....
let's see how this plays out...
the blue lines are the horizontal supportlines i find important...
sorry for the messy chart, i hope you get the bigger picture...
Trade closed: target reached
Nice!! Target reached!!
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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.