Wave theory with a cup of coffee - page 2
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sorry I forgot the oil chart....
The other situations are not worthy, anyway I think its enough for today. Possibly tomorrow market unfold better situations.
Hello agaiam gonna weigh up all my chartes now, but before that I think its better to close this position at the moment with only 60pips which is equal to the initial stop loss.
the new pattern which is now formed after the first rise can be really dangerous.
actually for tonight I can not find a good situation, only on gold I found this:
as you can see the new highlighted area have had a sharp decline. and thats why I consider it as a new bearish trend. in my strategy I only hunt the situations in which we have only the first wave or the "A" wave.
therefore I will entered in this order if market unfolds like the pattern that I have drawn and retrace to that area....
anyway this is the order that I have put there.
Sell@ 75.23 Sl@ 75.94 Tp@ 73.86