Hey Traders! I wanted to publish an example of using EW theory to set a tight SL and maximize risk/reward. Here we have a potential correction off of a strong bearish impulse. There are a few possible scenarios lining up for the corrective structure that follows. Our preferred scenario in this case is if the last leg is in fact a b wave and the "c" will continue to complete the correction before continuing downward. If this is the case, a great TP level would be the Gartley completion and thus a stop below b will get us out quickly. Of course, with all predictive analysis, this could continue past our stop and complete wave ii which we will then re-analyze. The idea here is utilize the edge of R/R and size your trades accordingly.
Happy Trading!
Happy Trading!
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。