This is purely so I can practice for my elliottwave exam.
This could be a wave 5 move of the greater trend, or this could be a wave 5 of the wave 3 of the impulse.
I am more convinced that this is the wave 5 of the greater impulse since we have seen a move to the 1.65, which is the usual wave three target.
This seems like an impulse since it meets the...
TBH first time ever trading silver, heard a lot and it looked promising.
so after 2 hrs staring at weekly and daily and hr time frames, I was able to form this.
predicting that price might continue the long trend or retest the drawn arrows and either break structure to a NL
or continue up after correction.
I'll be placing a sell limit @27.475 with a small SL...
Overall Trend showing bearish after defending current bullish trend @ 142.000 level.
Price retraces @ 140.400 (current support) to meet the mid level zone.
Temporary retracement from the support to the mid zone driven by the COVID19 news in Japan, expecting to bring the price up to the nearest level of 141.300 level.
1:1.51 risk reward
17 pips to 11.5 pips.
XLM testing lower band of triangle for the second time. I believe, but it all says we're bearish atm. In addition volume is decreasing, let's see what next 48 hours will bring.
Wouldn't short - watch and practice.
RED horzontal lines are my positions. The one furthest to bottom I suppose I got in way to early and the other positions where just to capitalize on the move for the way down. Learned some pretty powerful stuff over the week so going to test in with these next few trades DEMO.
This was a mark up was on
9/30/19 - 10/3/19
I didn’t take any trades. I was simply practicing my analysis and see where i was heading with this.
4hr and the daily showed a confluence of the 61.8 and the 38.2 matching and where price continued to fail to the and make its way to the downside. With the overall view of the daily showing two pushes to the...