I jumped to conclusion early (because of exhaustion from monitoring the market) and forgot the key point of expanding diagonals which is that wave 4 must retrace more than ending point of wave 1 but should not go beyond ending point of wave 2.
I admit my mistake, thankfully i realized just in time and closed my short in a bit profit (~50% profit of what I risked on that setup). For time being, I am gonna let my Long position run while waiting for the mentioned ranges for a short entry.
I admit my mistake, thankfully i realized just in time and closed my short in a bit profit (~50% profit of what I risked on that setup). For time being, I am gonna let my Long position run while waiting for the mentioned ranges for a short entry.
Trade closed manually:
Price pushed down from my POI range, but it failed to break the critical level thus invalidating this scenario.
