It's not easy to identify wave 2 when it is still forming. However, attempting to find its low gives an excellent opportunity w.r.t to Risk Reward.
How do we plan our strategy?
We can test the waters by getting in with initial 5%-10% of the total amount that we plan for this trade. We can gradually increase our position once we get a confirmation through Candlesticks, GAP, PA, Breakouts which matches the personality of wave 3
The above analysis & Strategy is only for Educational Purpose
How do we plan our strategy?
We can test the waters by getting in with initial 5%-10% of the total amount that we plan for this trade. We can gradually increase our position once we get a confirmation through Candlesticks, GAP, PA, Breakouts which matches the personality of wave 3
The above analysis & Strategy is only for Educational Purpose