1. AB = CD 2. Closed highs trend 3. Weekly TBL down 4. Respect to MA(100) 5. Some stuck below 42$
Entry 44.9~45.1 TP1 : 42.75 TP2 : 41.93
Comments
kw1846
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You didn't count the highs and lows into your calculation. so the entry should actually between 45.4-45.6
WeeklyTrader
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well, maybe more proper at that level... it's also the 0.5 fib retrace also, thanks!
kw1846
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You are welcome! And yes, that is where I decide to enter. But someone is also talking about 45.9, which I can not get the idea... Maybe that is the full retracement of the small drop cycle?
liq
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You mean not including the wicks when placing the terminal points? I have seen many examples otherwise. I also wonder about that, especially when extremely long wicks occur. Please clarify. Thanks.
kw1846
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I mean we should include the wicks, see my words "You didn't count"...