Setup is based on the clone of the left part.
We are in a wave B before another drop down.
Last time price got over 61.8% of wave A in wave B.
So setup is as follows:
Entry short: 53.12 (61.8% Fibonacci)
Stop 54.33 (above the top of A)
Target 50.01 - round number ahead of C=A.
We are in a wave B before another drop down.
Last time price got over 61.8% of wave A in wave B.
So setup is as follows:
Entry short: 53.12 (61.8% Fibonacci)
Stop 54.33 (above the top of A)
Target 50.01 - round number ahead of C=A.
Trade active:
52,85 stop 54.33 take profit 50.01
Comment:
Breaking.
Comment:
Comment:
Take profit moved to 51.25 - above the white rectangle.
Trade closed manually:
Covered here 53.40 as think the model changed