Short
High Condfident Trade Setup on IBULHSGFIN (Ending Diagonal)
Updated
It's a short term chart and I'm looking for short selling. You can see the 5 waves up on the arithmetical scale. I'm looking at little good level to short sell such as 269-272.
If we just look the retracemenet 38.2% is at 255 which is also in the area of previous support{wave((4))}. Therefore certainly there's a great potential for the downside as target. require to observe 269-271 for maintaining risk reward ratio.
The Ending Diagonal - invalidation
If the price will go 277, then this wave counting is invalid.
If we just look the retracemenet 38.2% is at 255 which is also in the area of previous support{wave((4))}. Therefore certainly there's a great potential for the downside as target. require to observe 269-271 for maintaining risk reward ratio.
The Ending Diagonal - invalidation
If the price will go 277, then this wave counting is invalid.
Note
Open was exactly 277, and invalid was 277.3 above. The price is falling as expected and tested 248 with low.Trade closed: target reached
I hope you enjoyed low of 215 in 2daysNote
Expecting more fall... Let me show you more lower TF in next update here
Note
Trade active
218.65 is high
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