What appear to be the 4th leg of an elliot wave is forming and might bounce off the resistance established 4 times since start of March, I'm setting a sell stop just above the last reversal and my stop loss between the last reversal and where I expect the 4th leg to bounce.
Edit : Plus the Resistance level is the same as level 0.382 of the Fibonacci retracement of leg 4
PS : Sorry if this idea isn't perfect that's the first I publish
Edit : Plus the Resistance level is the same as level 0.382 of the Fibonacci retracement of leg 4
PS : Sorry if this idea isn't perfect that's the first I publish
Trade closed: stop reached:
Well, that didn't go quite as planned, in a matter of an hour my sell stop and my stop loss have been both triggered, I waited for the market to test the resistance level at 74.997 to see if my idea was still holding and it didn't.
Now I'm sad :(
Now I'm sad :(