(NOT ADVICE! JUST AN IDEA)
this might not happen just an interesting idea!
the target showing is a rough estimate we might pull back at $112, $106...ect
what is shown to us on the chart is the best trade outcome.
after mapping the Elliot wave pattern you can see that we have finished the correction phase and are in an impulsive stage and this means we retesting the old support. This is good for historical data and great for new long positions at support.
We have support sitting at areas like:
PRICE PULL-BACK UP POSSIBILITY/(TAKE PROFITS):
$121
$119
$111x3
$110x3(PROB A GOOD TIME TO CLOSE TRADE)
$107x3
$99-100x2
$96
$81
After this bounce, we should continue impulsively to the upside.
Check out the chart for details.
this might not happen just an interesting idea!
the target showing is a rough estimate we might pull back at $112, $106...ect
what is shown to us on the chart is the best trade outcome.
after mapping the Elliot wave pattern you can see that we have finished the correction phase and are in an impulsive stage and this means we retesting the old support. This is good for historical data and great for new long positions at support.
We have support sitting at areas like:
PRICE PULL-BACK UP POSSIBILITY/(TAKE PROFITS):
$121
$119
$111x3
$110x3(PROB A GOOD TIME TO CLOSE TRADE)
$107x3
$99-100x2
$96
$81
After this bounce, we should continue impulsively to the upside.
Check out the chart for details.
Trade active
Trade active:
NEW TAARGET: $115 - $110
Trade closed: stop reached:
This plan was no good! I'll be sure nextime