At this point it appears that wave ii may be a very small and shallow correction which is indicative of wave iii price action.
If this particular count is correct then it indicates specific important levels which can be used as entry and support.
The idea is to get into a long position because if this is wave iii then price action won't be coming back to these levels anytime soon once it starts moving higher.
Entry: $84.85
Stop: $81.51
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Check out the related video linked below which outlines the bigger picture.
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.
If this particular count is correct then it indicates specific important levels which can be used as entry and support.
The idea is to get into a long position because if this is wave iii then price action won't be coming back to these levels anytime soon once it starts moving higher.
Entry: $84.85
Stop: $81.51
Target: TBA
As always, any breakdown below the Stop level before we hit the Entry automatically invalidates this idea.
Check out the related video linked below which outlines the bigger picture.
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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