We think that AXS is in the perfect position for a running flat correction which would catch many traders off guard, making price shoot up really fast once again. As such we have found a way to make a trade with a stunning 18 R:R which is obviously not super likely to succeed but if it does it will be very profitable.
It is also a consideration that price may decide to gravitate towards the Low Volume Node which would print our final low at 6.37 rather than here, which is why we have placed a very tight stop loss. If the stop loss is triggered, we will simply re-enter at this level.
It is also a consideration that price may decide to gravitate towards the Low Volume Node which would print our final low at 6.37 rather than here, which is why we have placed a very tight stop loss. If the stop loss is triggered, we will simply re-enter at this level.
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This is aging very very well lol
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Trade still active! In fact, we have doubled our position at these low prices. This is more bullish than ever.
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Just wanted to let everyone know that the subwaves have changed some from the initial idea.
This is clearly a fourth wave contracting triangle and price is about to shoot up rapidly.
This is clearly a fourth wave contracting triangle and price is about to shoot up rapidly.