As we know Elliot wave theory there is A, B and C. So if A is an impulse and B is a corretcion then the C is our trade as another impulse. On the chart We can see that potentsial C is on the Horizon and targets may extend a lot lower as bigger picture 38.2 is usually minimum to hit. So expect price to test at least that level or lower. I also think that one ABC is not all of the corrective pattern that will finish this bigger correction. It is likely combination of trees and five.
So as we know where we enter and also where is stoploss -we can manage risk because we identified it!
No is only set targets and calculate position size 2%
Set and forget!
Lets see :)
So as we know where we enter and also where is stoploss -we can manage risk because we identified it!
No is only set targets and calculate position size 2%
Set and forget!
Lets see :)