Possible stop under C.
The simple ABC correction is a measured move down chart pattern nested inside a measured move up. In this correction pattern, C can not below A. If it does, you are looking at a different pattern. If C is equal to A then you may have a double bottom. D is the target and it is possible that AB can equal CD, but leg CD can also be extensions of the AB leg. Don't take anything for granted. Targets are calculated using the AB leg and fib levels. Long entry is a break of the BC leg with an uptrend. Not a recommendation.
Mindset can be the key to being successful. Panic can be your enemy. Keep you trading plan close by. Mine includes my targets, my exit strategy in case of a loss, entry level which can require patience, and the reason I bought the security. No reason to panic as your plan is right beside you (o:
Top 10 Holdings:
Cisco Systems Inc
Fortinet Inc
Akamai Technologies Inc
Cloudflare Inc
Qualys Inc
CACI International Inc Class A
Parsons Corp
Proofpoint Inc
ETFMG Sit Ultra Short ETF
Juniper Networks Inc
The simple ABC correction is a measured move down chart pattern nested inside a measured move up. In this correction pattern, C can not below A. If it does, you are looking at a different pattern. If C is equal to A then you may have a double bottom. D is the target and it is possible that AB can equal CD, but leg CD can also be extensions of the AB leg. Don't take anything for granted. Targets are calculated using the AB leg and fib levels. Long entry is a break of the BC leg with an uptrend. Not a recommendation.
Mindset can be the key to being successful. Panic can be your enemy. Keep you trading plan close by. Mine includes my targets, my exit strategy in case of a loss, entry level which can require patience, and the reason I bought the security. No reason to panic as your plan is right beside you (o:
Top 10 Holdings:
Cisco Systems Inc
Fortinet Inc
Akamai Technologies Inc
Cloudflare Inc
Qualys Inc
CACI International Inc Class A
Parsons Corp
Proofpoint Inc
ETFMG Sit Ultra Short ETF
Juniper Networks Inc