Elliot Wave: finishing the completion of wave 4 Looking for final move up to complete wave 5
Notes:
posted a little late, trade opened while away from computer
Morning star forming under 200SMA. Going against the new trend, however I think its still uptrend on higher time frame and final completion of elliot wave 5 1HR
Morning star almost at 100% fib from previous swing low
stochastic showing oversold with a double dip macd showing slowed downside momentum
What can go wrong: might see price completely go past the swing low and that would invalidate the upside elliot direction. would have to reconsider downtrend and wave 3 as the start of downside elliot
Trade fechado: objetivo atingido
TP reached in 12H
Nota
approaching end of wave 5 zone about 30 pips away to reach downside wave 4 zone
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