Elliot Wave: possible bottom zone of the wave 4 in upside elliot wave. hoping this is the start of wave 5
Notes:
Late post, Entry made overnight. Already in profit at posting.
morning stars formed around the 764 fib retracement and at the 200 sma. I set my entry at the .764 and waited for the second retry to the low for entry. stochastic showing oversold macd still showing decrease in downside momentum
Looking for a TP around wave 3 high
What can go wrong: its possible this is actually an ABC correction for a very short wave 5 and might see a small upside move to create point B with a final move to create point C in my SL zone.
交易進行
moving SL to break even
交易結束:達到停損點
closed at breakeven not enough momentum to the upside