The S34 opening sell signal is likely to show up tomorrow at the open.
Look for a daily open above 436.56 to get a confirmation.
The intraday entry will not be easy to spot with high volatility expected.
Supply Line (level8) will also generate a breakout signal that will have to be invalidated on Wednesday’s close to confirming the sell signal.
Hence it is probably better to wait for Wednesday’s close to increase the odds of success.
No guarantee this S34 exhaustion point will reverse the trend.
Wave B could also shift to the right tomorrow.
Stay cautious
Cheers!
MATHR3E
Look for a daily open above 436.56 to get a confirmation.
The intraday entry will not be easy to spot with high volatility expected.
Supply Line (level8) will also generate a breakout signal that will have to be invalidated on Wednesday’s close to confirming the sell signal.
Hence it is probably better to wait for Wednesday’s close to increase the odds of success.
No guarantee this S34 exhaustion point will reverse the trend.
Wave B could also shift to the right tomorrow.
Stay cautious
Cheers!
MATHR3E
Commento:
S34 triggered so far
Commento:
Probably another leg up missing (wave 5 on lower timeframe)
Looking closely at a potential wave 4 bottom here.
Looking closely at a potential wave 4 bottom here.
Commento:
Shorted test @445
Commento:
SL near 448.8
Commento:
Supply Line (level 8) breakout in progress.
Need to confirm tomorrow for a potential bullish continuation.
I am still playing a fake breakout with an invalidation signal tomorrow
if I don't get a confirmation tomorrow, I won't insist.
Need to confirm tomorrow for a potential bullish continuation.
I am still playing a fake breakout with an invalidation signal tomorrow
if I don't get a confirmation tomorrow, I won't insist.
Trade attivo:
trade active since 445 level.
missed first trade opportunity near 450
missed first trade opportunity near 450
Trade chiuso: stop raggiunto:
SL Triggered this morning with a very small loss
Will reevaluate the situation later.
Bearish scenario is not cancelled until today's close
Will reevaluate the situation later.
Bearish scenario is not cancelled until today's close
Commento:
This missed trade actually helped me to improve the Elliott waves’ indicator.
I am now considering a possible truncated wave C. By adding this feature as a new parameter, it fits a lower wave C target (61.8%) and underlines a new bullish trajectory with new price targets.
I am now considering a possible truncated wave C. By adding this feature as a new parameter, it fits a lower wave C target (61.8%) and underlines a new bullish trajectory with new price targets.
