I am not trained to use a sub wave for pattern (always lowest low or highest high) however this also coincides w 618 fib of lower low, and has a pin bar at 786 trigger of this cypher pattern, w 50% a retracement of pin bar ( buy signal for me @ trigger level) . I have caught many sub wave harmonics is TSLA and i have deep dived countless ones in the past, so they do still work and often, but this is high risk in all honesty.
I am still bearish on overall market as my $VIX pattern is not even to tp 1 (36.50$) I still think we can bounce and hard imo. Use ultra caution we will have a capitulation day eventually and it could be much worse then today, ie massive gap down. WH has many cards to pull to prop indices up so anytime there could be a bear rally and it could be big, and we know $TSLA moves big on any news. GL and thanks for checking this out.
Btw keys are take profits= 382%, 618% and top of pattern, move stop to entry at tp1 and take half off (per pattern rules)
This is a good opg order opportunity imo, although very few brokers have it. Opening price guarantee, IBKR does offer it in in trader workstation only, not mosaic unfortunately
I am still bearish on overall market as my $VIX pattern is not even to tp 1 (36.50$) I still think we can bounce and hard imo. Use ultra caution we will have a capitulation day eventually and it could be much worse then today, ie massive gap down. WH has many cards to pull to prop indices up so anytime there could be a bear rally and it could be big, and we know $TSLA moves big on any news. GL and thanks for checking this out.
Btw keys are take profits= 382%, 618% and top of pattern, move stop to entry at tp1 and take half off (per pattern rules)
This is a good opg order opportunity imo, although very few brokers have it. Opening price guarantee, IBKR does offer it in in trader workstation only, not mosaic unfortunately
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FYI i cannot say for sure but i am near certain if I asked my mentor's advice he would treat this as a 2-618 w stop against the low, tp 1 top of pattern and 2 is 1.272 ext, it closed right at 618 level off the lows
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NQ bounced, let's see if it holds doubtful www.tradingview.com/...opp-slo-high-reward/
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5 minute fractal same pattern
