TradewithLu
Short

Short opportunity in QSC

XETR:QSC   QSC AG NA O.N
Disclaimer - This is not financial advice and I am not responsible for any losses you may incur, I post this chart only for educational and research purposes. Please trade responsibly and always respect your stop loss. My research has shown that when a 3rd wave extends and ends around half way between the 1.618 and 2.618 region (relative to wave 1), wave 5 tends to end between 1.618 and 1.00 * wave 1 but often will end exactly at the 2.618 extension of wave 1. I will wait for a reversal candle on the 1H chart and take it as a signal to enter this trade.
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