Still high probability to hit 20K as new accumulation area before any substantial recovery.
Facts
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only. Trading carries a high level of risk and you should only trade with money you can afford to lose. You can lose your capital and more. Please understand and apply risk and capital management, more importantly familiarize yourself with the risks involved in this business.
Facts
- C wave hit log 0.678 level, looking to kick off D wave leg down as ABCD.
- RSI has bearish divergence confirming C wave confluence is near completion.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only. Trading carries a high level of risk and you should only trade with money you can afford to lose. You can lose your capital and more. Please understand and apply risk and capital management, more importantly familiarize yourself with the risks involved in this business.
Trade active:
Expecting a little bounce at 39K , more likely at 30K where there is strong support.
Trade closed: stop reached:
This didn't age well. The B wave had an extension and C failed to break 0.5 fib, but the target area is still active.