ETHUSD - Trading range - buy Low sell High - Elliot Count
This view is from EW perspective. So price is in a bit more complicated corrective phases, we never know when the correction ends, but all we know it would end somewhere and head forward.
Until we get confirmation for a big impulse wave ahead, we can trade within the range as this mentioned setup. If this count is correct, there would be a small impulse (which starts a bigger impulse never know).
Until we get confirmation for a big impulse wave ahead, we can trade within the range as this mentioned setup. If this count is correct, there would be a small impulse (which starts a bigger impulse never know).
Comentário:
Price didn't break up but making a down leg, so the Y is possible to extend more at lower level. The same view of this pattern is intact even Y extends after the close of this H4 candle.
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Follow price if break up
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Price broke the major resistance line and now heading straight to target. Take half of profit ahead if you had and let the rest run to target.
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2/3 target, take some and move Stop to your Entry