The current Wave C has an unfinished way down to the Target Shell of 8,896.00$ completing there a ZIG ZAG Pattern, but the minimun Fibonacci numbers to complete Wave C has been reached, and a low bounce signal is rising on my vias.
The Target is a little ambitious 13,578/13,590 zone, and the Math Technical(*) Probability at about 30 %, but the reward is inetresting.
Then for those who dare to take the risk:
Stop Loss/Bottom Indicator: 9,514.96. Entering Buy Point: 10,280.00 (the current). Target 13,578.00. R/R Ratio:4.31. Math Technical(*) Probability: about 30 %.
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(*) Math Technical Probability:
It considers only technical Analysis concerns. Tested for a significative sample of an infinite population.
Being the highest of 90% (until now), and the lowest of 10%, the 10 % remains belongs to fundamentals (*1).
(*1)Fundamentals:
Instead the common assumption, there is consistent statistical evidence that the Waves of social mood (EWT) determine fundamentals and those cases that news drive quotes it happens for a short time, and rapidly the Wave Patterns retakes and fulfills itself.
However, is a fact, that in intraday trading, fundamentals can and do activate Stop Losses’ damaging short strategies.
That´s why they have the remains 10 % of chance to complete 100%.
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8,896 target fulfilled, but have no buy signal on my vias yet, despite the sudden bounce.