In this video I explain what we are seeing here and what this pattern is.
Given that I have adjusted the type of pattern identified and added the channel, this indicates that the downside is limited.
In order to complete Wave E we need to see the last part of this wave v zig-zag unfold and make one new low.
Entry: At Market
Stop: $1811
Target: $1677
Risk Reward Ratio: 9
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 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.
Given that I have adjusted the type of pattern identified and added the channel, this indicates that the downside is limited.
In order to complete Wave E we need to see the last part of this wave v zig-zag unfold and make one new low.
Entry: At Market
Stop: $1811
Target: $1677
Risk Reward Ratio: 9
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 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.
