Previous Setup 1st wave run well, being patient for correction 2nd wave it seen come to the end, could it be the starting of the 3rd wave???
TA:
- 50% retracement of wave 1
- Pitch fork median line support well
- B wave retracement is kind of shallow which not even hit 38.2%
- Is still a perfect zigzag correction of wave A=C
- Cup and Handle can you spot?
- Strong structure
FA:
- few event fall on 15May / 28 May / 6 June
TP:
- previous high to be conservative
- Large wave 1 of 50% retracement which is equal with cup and handle target 1=1
-Conclusion:
- As a trader is a good setup
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
TA:
- 50% retracement of wave 1
- Pitch fork median line support well
- B wave retracement is kind of shallow which not even hit 38.2%
- Is still a perfect zigzag correction of wave A=C
- Cup and Handle can you spot?
- Strong structure
FA:
- few event fall on 15May / 28 May / 6 June
TP:
- previous high to be conservative
- Large wave 1 of 50% retracement which is equal with cup and handle target 1=1
-Conclusion:
- As a trader is a good setup
TRADE with RISK MANAGEMENT!!!
I am an individual trader, based on personal analysis.
Welcome to share your ideas and let's improve it!
Trade closed: stop reached
