So I missed the trade. Sad, but it's better to miss the whole trade, then to make the wrong one and end up negative (done that, been there). On the good side: I finally learnt, that I often get tricked by the wave 4. It is diagonal in the case with LTC with current pattern. It goes down in the middle, making me think, it might go all the way to the bottom trend line or worse- confuse it with wave five and in the middle it turns around and goes back up to form the trend line with wave 2 ( falling wedge). Sometimes it does go all the way to the trend line, but most of the time it turns around in the middle.
Let's hope wave 4 will be a double top, so I can catch a mini trade there. So seems like we are bypassing my previous number around 73 and going straight to around 69 (distance from head to neckline of the large purple head). I expect to have a couple small bounces. It doesn't seem very accurate to myself now, the chart will have to move quickly, which wasn't happening lately, so there will be adjustments on the way.
Previously I 've been thinking 58 after 69 but noticed my drawing was wrong, so discard that.
Trade responsibly.
Let's hope wave 4 will be a double top, so I can catch a mini trade there. So seems like we are bypassing my previous number around 73 and going straight to around 69 (distance from head to neckline of the large purple head). I expect to have a couple small bounces. It doesn't seem very accurate to myself now, the chart will have to move quickly, which wasn't happening lately, so there will be adjustments on the way.
Previously I 've been thinking 58 after 69 but noticed my drawing was wrong, so discard that.
Trade responsibly.
コメント:
Too risky to try double top of wave 4. Previous waves 0 and 2 are not double tops like in the purple head. I will take a nap instead.
コメント:
So we hit 78, just like I was obsessed with it. And we had a double top at the wave 4, yet it didn't play out how I hoped, so glad I didn't take that trade.
Let's hit that 69 tomorrow :)
Let's hit that 69 tomorrow :)