In this video, I go through exactly how I plotted the wave counts that I published on 3rd April (linked to this idea). I also show how to estimate price target using support and Fibonacci extensions. Lastly, I talk about trading productivity again and why I recommend to take out some of your short position.
There are 3 main reasons:
1. We have completed wave 3 of 3 and is now going into wave 4 (and wave 4 are notorious for being unpredictable and may even have triple combinations).
2. We are what? 80% in the money and it happens very fast. So productivity wise, it is good to take some money off the table.
3. Weekend risk.
I am putting this idea as "Neutral" even though I am still expecting a wave 5 down. Reason is because we are in wave 4, and also because I pray that I can find time to update again when wave 4 ends and wave 5 of 3 starts.
Good luck!
There are 3 main reasons:
1. We have completed wave 3 of 3 and is now going into wave 4 (and wave 4 are notorious for being unpredictable and may even have triple combinations).
2. We are what? 80% in the money and it happens very fast. So productivity wise, it is good to take some money off the table.
3. Weekend risk.
I am putting this idea as "Neutral" even though I am still expecting a wave 5 down. Reason is because we are in wave 4, and also because I pray that I can find time to update again when wave 4 ends and wave 5 of 3 starts.
Good luck!
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Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.