will it break or hold?
3 rules for s/t entry:
- RSI divergence - because it's a minor wave v of a bigger wave 3
- wave v extension @ 0,618
- wave 3 extension @ 1,618
short-term short for a minor c wave down, this should be a corrective wave 4 down.
Small stop-loss and awesome risk/reward ratio
Looking to buy red ii at one of the Fibonacci retracements. Red wave iii should be an extended wave, since red i was shorter than blue i.
gm traders, this is my $EURUSD count, what is yours?
EURUSD long at the end of 1st wave down at 1.2760 , for a correction to at least 50% at 1.29.
Risk/Reward Ratio = 7 !!!
Shorting NVO correction after major 5 blue waves up on the weekly, now 3 blue a/b/c down at least until the 38,2% retracement
Shorting the 3rd minor wave on the 30min chart, SL above Wave 2, TP @ 1,618 extension of Wave 1.
This is an extended wave so 1,618% is the minimum extension.