Since ATH we have had a decent correction and now we seems to be in a choppy session. In a choppy session only smaller timeframes provide better trading setups. If you try to anticipated big moves you will likely be chopped.
Now see pics for some more insights-
Some elliot wave counts :- Red one is alternate.
looks like we have completed W as a zigzag in the channel. Now we are making an X wave. 1:1 a=c makes strong case for a zigzag. We can get triangle or any other corrective pattern as an X. Like i mentioned above key is to catch the small moves with leverage with proper risk management.
Now see pics for some more insights-
Some elliot wave counts :- Red one is alternate.
looks like we have completed W as a zigzag in the channel. Now we are making an X wave. 1:1 a=c makes strong case for a zigzag. We can get triangle or any other corrective pattern as an X. Like i mentioned above key is to catch the small moves with leverage with proper risk management.
Komentarz:
The Blue arrow is for alternate in case we making a massive 3rd wave for a crash.
Komentarz:
Stop loss modified
Transakcja zakończona: osiągnięto poziom stop:
Stopped out at a small loss
Komentarz:
Head and shoulders inverted. Perhaps a flat in progress
Anulowano zlecenie
Komentarz:
Maybe making a diagonal ?
Transakcja zamknięta: osiągnięto wyznaczony cel