Let's consider an excellent situation on the STXUSDT.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable to open a long position at a breakdown of the top of the presumed wave 1 in wave C of wave Y (after the completion of wave 1 and the formation of a local correction in wave 2).
Opening a short position is relevant in case of a breakdown of the low of the triangle pattern - the minimum of wave D.
In both cases, with a moderately aggressive approach, it is possible to extract a good profit in a short period of time.
Based on the current wave structure, I plan the opening of a long position or the opening of a short position.
On the one hand, the current corrective in wave 4 may end up forming a WXY pattern; on the other hand, the current corrective pattern in wave 4 may end up forming a triangle pattern.
It is advisable to open a long position at a breakdown of the top of the presumed wave 1 in wave C of wave Y (after the completion of wave 1 and the formation of a local correction in wave 2).
Opening a short position is relevant in case of a breakdown of the low of the triangle pattern - the minimum of wave D.
In both cases, with a moderately aggressive approach, it is possible to extract a good profit in a short period of time.