Market have completed Elliott wave correction wave c of bigger correction ABC. Now Im looking for optimal short entrance into last bigger correction wave C.
My trade plan:
1. market will possibly reach the Monthly resistance zone (it is cluster zone of Fibonacci levels, Volume profile, support / resistance and pivot point levels). Im waiting for good PA trend reversal signs.
2. If first trade will be taken and market will go down I will take second trade at wave 1 extreem of newly established minor impulse pattern down.
Possible profit take levels are at weekly support and at monthly support zones.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.
My trade plan:
1. market will possibly reach the Monthly resistance zone (it is cluster zone of Fibonacci levels, Volume profile, support / resistance and pivot point levels). Im waiting for good PA trend reversal signs.
2. If first trade will be taken and market will go down I will take second trade at wave 1 extreem of newly established minor impulse pattern down.
Possible profit take levels are at weekly support and at monthly support zones.
! RISK DISCLAIMER !
All information I provide is my own trading Ideas. It is not any kind of recommendation to make trading decisions. And it is not recommendation to use any details about trade such as stop loss or take profit levels. Trading on financial markets is very volatile and risky, thas why it is posible to loose all of your capital in very short period of time.