숏
Neo; Short Term Correction
Neo just completed five sub-waves, and after 5 waves, a correction occurs. The correction usually is between the 0.382 and the 0.618 Fibonacci retracement.
We can open a short position with a tight stop just above the peak and a target at the 0.382 Fib retracement level, which gives us over 1:5 risk to reward ratio. That means, we only have to be right about 1/6 of the time to make this trade profitable.
If we zoom out and look at the bigger picture, we see that Neo is only on intermediate wave 3. It has one more wave to go, and it will likely bring us another all time high. We set our buyback zone according to the Fibonacci retracement levels of 0.382 and 0.618.
We can open a short position with a tight stop just above the peak and a target at the 0.382 Fib retracement level, which gives us over 1:5 risk to reward ratio. That means, we only have to be right about 1/6 of the time to make this trade profitable.
If we zoom out and look at the bigger picture, we see that Neo is only on intermediate wave 3. It has one more wave to go, and it will likely bring us another all time high. We set our buyback zone according to the Fibonacci retracement levels of 0.382 and 0.618.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.