This chart shows time my prediction of when the next financial crisis will begin. The fibb-extension shows my prediction of when the market will turn.
I see one of two scenarios. Either the price will go halfway through its cycle and begin falling, or the price will complete its time cycle before it falls.
This is not a trade recommendation. However, it can be considered as a warning. I will definitely take this analysis into consideration in terms of my trading.
I would love some feed-back if any of you have a different opinion.
I see one of two scenarios. Either the price will go halfway through its cycle and begin falling, or the price will complete its time cycle before it falls.
This is not a trade recommendation. However, it can be considered as a warning. I will definitely take this analysis into consideration in terms of my trading.
I would love some feed-back if any of you have a different opinion.
Trade active:
Stop 4% over ATH. Low probability of succes, but totally skewed risk/reward.
Comment:
Stop on added position is moved to 3050.
Comment:
This is actually beginning to look exciting again.
If the markedet goes below 2820, I will move stop to BE for the second position.
It looks good so far, but do remember it is a low probability trade with a R/R of 10-20. So keep your risk small, and add if it seem to work out.
Best regards
Adam