I'm setting up a short trade on US30 based on a 15-minute chart using Elliott Wave analysis. The chart indicates that wave (5) of the impulsive sequence has completed, and I'm anticipating a downward correction in wave (a)-(b)-(c).
My entry point is around the current price of 40,965.81.
I'm targeting the following levels for wave (c):
1. First target: 40,710.30 at the 0.618 Fibonacci extension.
2. Second target: 40,541.23 at the 1 Fibonacci extension.
3. Final target: 40,267.72 at the 1.618 Fibonacci extension.
I'll place my stop loss slightly above the recent high of wave (b) to manage risk. As the price approaches each target level, I'll adjust my stop loss to lock in profits. This setup aims to capitalize on the anticipated downward movement completing the Elliott Wave correction sequence.
My entry point is around the current price of 40,965.81.
I'm targeting the following levels for wave (c):
1. First target: 40,710.30 at the 0.618 Fibonacci extension.
2. Second target: 40,541.23 at the 1 Fibonacci extension.
3. Final target: 40,267.72 at the 1.618 Fibonacci extension.
I'll place my stop loss slightly above the recent high of wave (b) to manage risk. As the price approaches each target level, I'll adjust my stop loss to lock in profits. This setup aims to capitalize on the anticipated downward movement completing the Elliott Wave correction sequence.
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.