Hello everyone,
learn how to catch the end of wave 4 and trade with the trend.
This corrective wave has made a double bottom on 0.76 fib of the previous impulse movement. The double bottom was achieved with an engulfing candle (entry point). Cut your loss below wave 2 (wave 4 is not supposed to retrace that far), and catch your first profit target at the retest of wave 3 level, and let your profits run.
Goodluck,
Joe.
learn how to catch the end of wave 4 and trade with the trend.
This corrective wave has made a double bottom on 0.76 fib of the previous impulse movement. The double bottom was achieved with an engulfing candle (entry point). Cut your loss below wave 2 (wave 4 is not supposed to retrace that far), and catch your first profit target at the retest of wave 3 level, and let your profits run.
Goodluck,
Joe.
