Short WISE as leading diagonal has been completed

6 giu

WISE can be shorted with the first target at the lower edge of the diagonal and then, at around 800 pence (start of wave 5), if move lower confirmed.

Clear RSI divergence shows trend reversal in the short-term at least (until touching lower band of the diagonal). So the lowest upside is around 14-16% here.

SL can be set to 1230 pence.

7 giu

Nota

There is also a chance that wave 5 is not yet complete. So blue movement is an alternative to go. I lean to my original analysis with wave 5 already complete.

Also, I adjusted view to semi-log scale and now it fits nicely.

21 giu

Trade attivo

Everything goes as planned.
I am going to trim 50% of the position when it touches lower edge of the diagonal at around 940-960.

ieri

Trade chiuso: obiettivo raggiunto

I will close the idea as soon as price reaches 995 (expected today). I will provide an updated chart and view later.