Same strategy published earlier (see chart below), we go looking for a SELL OPPORTUNITY on the second bearish leg. Here, we see a potential bearish 3D PATTERN in development, but the risk of trading it, is very high, so we look forward to seeing the completion of the first bearish leg (if it will happen), before take short position on the second Leg. The trend is bullish, but from these levels we can not absolutely think about taking long positions! (better stay flat)
Thank you for your support and trade with care!
Comment
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If there are market conditions, in the next update we will publish the technical levels ... continue to follow us!
Hi @istatmir, it could be a good idea for scalpers!!
abdellahfx
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@SignalSwiss, I'm still holding the position at +100 pips profit .. shall I close it and wait for right shoulder to short again ? Or I just keep it so it maybe goes further down ?
Thanks
UnknownUnicorn908696
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@istatmir, here's a phrase from a book I once read: "The market is an on-going story, unfolding bar by bar". Might help.
abdellahfx
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@zWealth, This really helps , Thanks .
That's exactly what I started realizing as Price Action , But I'm just greedy wanna take all the pips .
Can you please txt me the book ?
Thanks again
UnknownUnicorn908696
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@istatmir, the book is called "The undeclared secrets that drive the stock market". It's written by Tom Williams in 1993. That is the original version and I prefer it over the newer one written by some other guy. I don't like him. He talks a lot. Looks more like an advertiser to me, not a trader. The book is about VSA. I don't use it in my trading too much, but still it's a good book worth reading. Lots of market wisdom from Tom.
abdellahfx
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@zWealth, Thank you so much <3
RobertvanBerkum
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Thank you sir.
tradingyouth
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Oh my gosh. I had a similar analysis. I have no idea where it will go because of some information I am seeing on the daily. I'm thinking it will go bullish. At the same time I do believe a correction is in order.
I suppose i will wait for confirmation. I already had a pilot trade open and It was interesting where the second drive ended. I thought it would touch the 50 SMA.
I also had a Fibonacci expansion coming off of the first drive and was expecting a return to the 61.8 level.