1. I am beginner and probably wrong.... feel free to criticize and comment, in fact comments are more than welcome 4th wave unfolds... there is triangle formation in B wave of correction.... waiting for C wave so short and then long Low risk to gain ratio but if entry can be higher and risk can be reduced... this way i would go with sell stop...
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Levels have been changed... Wave 1 has started... easily observable on smaler timeframe which I dont have in tradingview... so until I pay for pro.... current sel stop is on bottom of daily candle... (or on bottom of wave 1) stop loss is on top... I always give them few pips additionaly so stop sell wont be triggered at exact level it will be triggered something lower... stop is moved also giving it better P/L Also I will be following correction to see beter entry position... expected to enter on monday... but it should trigger next week....
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Stop reached ... but it bounced from previous top quite wildly.... waiting for better trade location .... still short but new stop and entry... i dont have pro so I can not publish M5 chart in trading view but now it is in third wave of C vave of corection of a First wave down of a C vawe... So C wave started wave 1 went into wave 2 wave 2 is in C wave and C wave is in forth wave on that chart... after fifth wave shatp turn is expected...
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alfitec
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P.S. My candles are wrong color... they are in collor of oscilator not candle... I have to change that in oscilator...