TPLP is most probably in wave C or 1
Our preferred wave count suggests that lesser wave 2 has finished and wave 3 have started which might take price toward 14 to 17 level.
Alternately, we might still be in wave 2 which will further extend downwards taking price toward 8.40 - 8 level
Our trade got activated this morning and are entry price is 11.10, we will trade this setup with a very strict stop loss at 9.49. If our wave count is correct and we do start seeing upside movement we will add more positions during the up move.
Price might take resistance from 12.20 - 12.50 level, we will keep a close eye on volume and if we feel that the volume is weak, we might close position at this level.
Trade Setup:
Entry level: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Our preferred wave count suggests that lesser wave 2 has finished and wave 3 have started which might take price toward 14 to 17 level.
Alternately, we might still be in wave 2 which will further extend downwards taking price toward 8.40 - 8 level
Our trade got activated this morning and are entry price is 11.10, we will trade this setup with a very strict stop loss at 9.49. If our wave count is correct and we do start seeing upside movement we will add more positions during the up move.
Price might take resistance from 12.20 - 12.50 level, we will keep a close eye on volume and if we feel that the volume is weak, we might close position at this level.
Trade Setup:
Entry level: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Trade active
Trade Setup:Entry: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.