WIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance.
Note:
The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the trend develops. In contrast, the 4-5 setup occurs towards the end of the trend, where the movements are typically smaller and the risk of a reversal is higher. This makes the 1-2 setup generally more appealing for capturing larger trends with potentially lower risk.
Note:
The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the trend develops. In contrast, the 4-5 setup occurs towards the end of the trend, where the movements are typically smaller and the risk of a reversal is higher. This makes the 1-2 setup generally more appealing for capturing larger trends with potentially lower risk.