As much as I hate to admit it, it appears as though truncation did occur on this chart back in August this year where Wave v never made a new low.
The reason I am accepting this view is because the recent price action is behaving much more like the beginning of a Bull Market.
If this is the case then we must break above $1814 in order to confirm this count.
Critical support will remain at $1758 if no new low occurs which I highly doubt will happen at this stage.
Entry: $1814
Stop: $1758
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
The reason I am accepting this view is because the recent price action is behaving much more like the beginning of a Bull Market.
If this is the case then we must break above $1814 in order to confirm this count.
Critical support will remain at $1758 if no new low occurs which I highly doubt will happen at this stage.
Entry: $1814
Stop: $1758
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.