TPLP is most probably in wave C or 1
Our preferred wave count suggests that lesser wave 2 has finished and wave 3 have started which might take price toward 14 to 17 level.
Alternately, we might still be in wave 2 which will further extend downwards taking price toward 8.40 - 8 level
Our trade got activated this morning and are entry price is 11.10, we will trade this setup with a very strict stop loss at 9.49. If our wave count is correct and we do start seeing upside movement we will add more positions during the up move.
Price might take resistance from 12.20 - 12.50 level, we will keep a close eye on volume and if we feel that the volume is weak, we might close position at this level.
Trade Setup:
Entry level: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Our preferred wave count suggests that lesser wave 2 has finished and wave 3 have started which might take price toward 14 to 17 level.
Alternately, we might still be in wave 2 which will further extend downwards taking price toward 8.40 - 8 level
Our trade got activated this morning and are entry price is 11.10, we will trade this setup with a very strict stop loss at 9.49. If our wave count is correct and we do start seeing upside movement we will add more positions during the up move.
Price might take resistance from 12.20 - 12.50 level, we will keep a close eye on volume and if we feel that the volume is weak, we might close position at this level.
Trade Setup:
Entry level: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Trade ativo
Trade Setup:Entry: 11.10
Stop loss: 9.49
Target:
T1: 14
T2: 16.01
Nota
Since we might see resistance around 12.20 to 12.50 level therefore we have decided to close 50% of our positions today at 12 - 12.09 level if we reach it.Nota
50% positions closed at 12.09Nota
We have decided to close 25% more positions at 12.20 levelNota
we did not get 12.20 price, however we managed to close 25% positions at 12.10.25% positions are remaining
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.