APD, We watch this nice short setup for Entry Triggers!
Updated
APD is presenting a nice short setup !
APD is most likely is inside wave 5 of 3 or C and also most probably has completed wave 1 and 2 of this mentioned wave 5 ( shown as V in chart) and currently is in wave 3 of 5. What all these means? Meaning is a decline down to first and probably second target shown on the chart is on the way.
In spite of nice short setup in terms of Elliott waves , chart has not yet offered safe entry triggers. I offered two entry triggers and stop losses on the chart. Depending on personality and amount of risk acceptance , you can choose between them.
First (207-209) and second (167-175) targets have also been shown on the chart. It is worth to note these targets has been obtained by concepts of price action and static supports however, they coincide nicely with Fibonacci levels related to wave 5 targets.
Please keep in mind that trade above what has been offered as stop loss before fulfilling our trigger and entry conditions will change trade set up therefore, as always, we will trade smart and safe. Don't we?
Good luck everybody and wish you profits.
APD is most likely is inside wave 5 of 3 or C and also most probably has completed wave 1 and 2 of this mentioned wave 5 ( shown as V in chart) and currently is in wave 3 of 5. What all these means? Meaning is a decline down to first and probably second target shown on the chart is on the way.
In spite of nice short setup in terms of Elliott waves , chart has not yet offered safe entry triggers. I offered two entry triggers and stop losses on the chart. Depending on personality and amount of risk acceptance , you can choose between them.
First (207-209) and second (167-175) targets have also been shown on the chart. It is worth to note these targets has been obtained by concepts of price action and static supports however, they coincide nicely with Fibonacci levels related to wave 5 targets.
Please keep in mind that trade above what has been offered as stop loss before fulfilling our trigger and entry conditions will change trade set up therefore, as always, we will trade smart and safe. Don't we?
Good luck everybody and wish you profits.
Note
Now, we have 1st entry trigger.
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