Bearish divergence from MACD, potential in a wave 1 of a 5 elliot wave pattern, put a buy in blue box and catch wave 3 and 5.
The Nina, The Pinta, The Santa Maria.
Yorum:
I was just finishing up my presentation on Prestige Worldwide, but wanted to give a quick update of this short term trade.
We did not dip as low as I predicted, but that is ok. Using our Elliot Waves, if the 2nd wave is short on our Fib retracement, then that potentially sets us up with a big 3rd wave. I am looking for our top of our 3rd wave to put us somewhere near the previous all time high, so I will probably looking to take profits at that level and buy back in on the wave 4 dip.
What does Elliot Wave tell us when wave 2 is a short bounce? It means wave 4 will retrace deeper into our Fib. Once we hit ATH resistance we are looking at a fall back to the top of our wave 1 (.0137)
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.
We did not dip as low as I predicted, but that is ok. Using our Elliot Waves, if the 2nd wave is short on our Fib retracement, then that potentially sets us up with a big 3rd wave. I am looking for our top of our 3rd wave to put us somewhere near the previous all time high, so I will probably looking to take profits at that level and buy back in on the wave 4 dip.
What does Elliot Wave tell us when wave 2 is a short bounce? It means wave 4 will retrace deeper into our Fib. Once we hit ATH resistance we are looking at a fall back to the top of our wave 1 (.0137)