Hello traders, In this analysis, we examine the 4 microwaves of C-wave, the C-wave 1, 2, 3, and 4 waves are formed normally, and now we are wave 5, wave 5 has come down strongly to Fibo 1.13 and is sticking to the trend line itself. So we have a wave of 5 extensions. Wave 5 can go up to Fibonacci 2.618, but we do not expect this decline because then our analysis will be fielded. The best point for the return of Fibo is 1.27, exactly where the green and red lines intersect, but if the trend line breaks, it will most likely be a false break, and eventually it will go as high as 1.618. ❤️Please, support this idea with a like and comment!❤️
Hi, good morning, where would you put your stop loss ?
mahdisoltaninjad
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@allisonf8712, Hello, good morning, well, there are many points to enter according to each person's analytical style. If you entered into a deal based on Elliott, you should have stopped below the line I specified, if you had entered based on Price Action, you should have stopped below the hammer stop, if you had entered into a transaction based on Moving, you should have stopped below 200 Moing and .... In the next analysis, I will try to explain the entry points, profit limit and loss limit.
iram7866
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Do you have instagram bro?
mahdisoltaninjad
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@iram7866, Not yet, I have recently started my activity in social networks and I will launch my Instagram soon
iram7866
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Sure 😁 would deffo love to connect with you outside TradingView 💯