WLDBTC presently finds itself within a robust demand zone, which aligns with a prior supply area. Price action surrounding this support area continues to display consistent respect. As long as there isn't a clear daily breakdown below this demand region, the integrity of the uptrend remains intact.
An Elliott Wave analysis further hints at a potential Wave 5 to the upside. However, for this scenario to play out, it is essential that the price remains above Wave 2. Our stop loss has been strategically positioned at this crucial level, as a breach beneath Wave 2 could signify the completion of an ABC corrective pattern within the long-term downtrend.
In light of these factors, the risk-to-reward ratio for this trade appears to be highly favorable.
An Elliott Wave analysis further hints at a potential Wave 5 to the upside. However, for this scenario to play out, it is essential that the price remains above Wave 2. Our stop loss has been strategically positioned at this crucial level, as a breach beneath Wave 2 could signify the completion of an ABC corrective pattern within the long-term downtrend.
In light of these factors, the risk-to-reward ratio for this trade appears to be highly favorable.
Ordine annullato
Closing now at break even
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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.