Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Personally I would stay away from this but I've gotten quite a few questions so I will post my own opinion. I don't think the correction is done yet. 50% retrade is at about 25 and 61.8 is about 22. Depending on where the support truly comes to play will tell us how high this can go. In my opinion, there's still one more impulse that needs to happen to complete this. Does it have to happen? No. Can it? Absolutely.
I talk a lot about high probability trades. Know when you're wrong. I sometimes take risks and get stopped out but if you come out ahead on the long run that is all that matters. Tight stops for the losers and big wins for the winners.
If you're not trading with stops, please go play another more stable market. Go buy some gold or something and throw it in your safe.
So, Targets you ask? Assuming we find support I see 31, 37, and 43 as targets. 43 is the wave 5 target but you have to watch the reaction at 31 and 37. This all happened so fast it's hard to tell what will happen on the next wave.
Trade safely friends!
Personally I would stay away from this but I've gotten quite a few questions so I will post my own opinion. I don't think the correction is done yet. 50% retrade is at about 25 and 61.8 is about 22. Depending on where the support truly comes to play will tell us how high this can go. In my opinion, there's still one more impulse that needs to happen to complete this. Does it have to happen? No. Can it? Absolutely.
I talk a lot about high probability trades. Know when you're wrong. I sometimes take risks and get stopped out but if you come out ahead on the long run that is all that matters. Tight stops for the losers and big wins for the winners.
If you're not trading with stops, please go play another more stable market. Go buy some gold or something and throw it in your safe.
So, Targets you ask? Assuming we find support I see 31, 37, and 43 as targets. 43 is the wave 5 target but you have to watch the reaction at 31 and 37. This all happened so fast it's hard to tell what will happen on the next wave.
Trade safely friends!
