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MAKRO | Elliott Wave Projection - Expanding Diagonal Wave 4 - 5
Price action and chart pattern trading
> Elliott Wave Projection - Expanding Diagonal Wave 4 - 5. Wave 4 can overlapped wave 1 but can not be lower than wave 2.
> Wave 5 is expected to be the longest wave while wave 1 is the shortest, wave 3 is not the shortest wave and is longer than wave 1.
> EntryFalling Wedge breakout
> 1st target at wave B 0.618 of wave 3 zone and 2nd target at wave 3 position
> RR at 3:1 for medium-term trade - stoploss at wave 2 zone - downside 10%.
Always trade with affordable risk and respect your stoploss.
> Elliott Wave Projection - Expanding Diagonal Wave 4 - 5. Wave 4 can overlapped wave 1 but can not be lower than wave 2.
> Wave 5 is expected to be the longest wave while wave 1 is the shortest, wave 3 is not the shortest wave and is longer than wave 1.
> EntryFalling Wedge breakout
> 1st target at wave B 0.618 of wave 3 zone and 2nd target at wave 3 position
> RR at 3:1 for medium-term trade - stoploss at wave 2 zone - downside 10%.
Always trade with affordable risk and respect your stoploss.
Not
This EXPANDING/CONTRACTING diagonal wave is not Elliott's original work but appears enough incidents until today some of us are convinced of its existence and validity, implemented by most bankers to manage wave-oriented retail traders
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.