madwarrior
做多

Impulse Wave | Buy the Breakout Idea

BITFINEX:ETHUSD   以太坊/美元
There is a possible impulse wave in progress. The 21 EMA is approaching a crossover with the 55 EMA . Let's see if price pierces the 100 EMA , which will become a support if successful.

Strategy: Buy breakout of wave (1), then ride wave (3). Once target has been reached, a trailing stop loss may provide greater returns.

Long position details:
  • Time-frame - 10 hours to a couple days
  • Risk/reward ratio - around 2.
  • Entry - slightly above wave (1)
  • Stop loss - slightly below 100 EMA
  • Target 1 - 100% Fib Extension (slightly below resistance line)
  • Target 2 - 168% Fib Extension or trailing stop loss after Target 1

Other possibility where downtrend continues below the wave (1) low, but will have to break the long-term uptrend again in order to do so.

This post is an idea and not financial advice. Remember to trade safe!
评论: Update
These are two possibilities to consider.

Option 1 - Still on wave 3 - bullish:
I made this update just before option 2.


Option 2 - Wave (3) complete, correction wave (4) in progress - bearish:
I have moved the low of wave (1) up slightly, which changes the fib extension target for wave 3 to be met. It looks like we're now on the correction wave, wave (4). A bounce off the 76 EMA is a possibility, before moving up on the next leg up, wave (5). Please not that in order to continue the uptrend, we must remain above wave (1) territory. Failing to do so will invalidate the impulse wave and may downtrend instead.

Broke wave one and have bought in at 720. I can’t see wave 3?
回复
madwarrior SladeEdwards
@SladeEdwards, does this help?

Here's it without as many drawings:
回复
SladeEdwards madwarrior
@madwarrior, thank you!
回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 发送反馈 已发表观点 粉丝 正在关注 私人消息 聊天 退出