So the Elliott wave shows itself again :p
There was a massive spike and what a surprise, the top was EXACTLY at the 1.618 level (4500). I kinda wished I had my sell order at 4500 simply because it would have been badass to sell at the very top.
However, I think it still has some more steam in it. As the 4th correction wave often doesn't overlap with the 2nd wave, which means that the price shouldn't go below 4425. I will sell around 4550, but also have a stop loss in place to lock in profits.
Good luck! ;)
There was a massive spike and what a surprise, the top was EXACTLY at the 1.618 level (4500). I kinda wished I had my sell order at 4500 simply because it would have been badass to sell at the very top.
However, I think it still has some more steam in it. As the 4th correction wave often doesn't overlap with the 2nd wave, which means that the price shouldn't go below 4425. I will sell around 4550, but also have a stop loss in place to lock in profits.
Good luck! ;)
Trade closed: target reached:
Target reached, perfect trade :)