in my count we are currently looking for another move down completing the wave 5 of 3, a potential entry short at 26900 stop loss at 28000, target 24700 (25000 conservative)
Kommentar:
Fake out and correction playing out now after grabbing the liquidity above 26900 usd - however I’m not yet convinced we can take the low; therefore I recommend to trade safely and lock profit.
I will share new ideas shortly
Thanks for reading it
I will share new ideas shortly
Thanks for reading it
Kommentar:
looking at this scenario I'm happy to see that played out almost perfectly and it's not yet finish. the target of interest are the same
Trade geschlossen: Ziel wurde erreicht:
This is the final update for this idea.
Target reached 100% scenario played out perfectly
✅
Target reached 100% scenario played out perfectly
✅
counting on Bitstamp we can see how the wave ended the impulse and after a long sideways the price was printing a potential ABC where C is a 5 wave impulse which moved behind my stop loss at 28000.
in my personal opinion we could possible still expect a move down