Point A, B and C all established in this bullish cypher, but where does D go ? IOSToken has been trading well, a nice low coin which if shoots could give some good return. Except pump n dumpers jump in, trading activity is quite good? Yellow or Gray cypher - your thoughts? @bizlus
*Education ONLY - Do not trade half completed pattern formations! * Mixin n matching for pip collection Biased scenario: 1) You can see the Elliot leg 4 - 5 2) EMAs are in order - fast EMA20 above the slow EMA50 3) Fib AB retracement so far fits a cypher (yellow fib) AB = 0.38 < rXA < 0.68. That is AB retracement of XA is greater than .38 and less...
Collect pips from Elliot wave Step 4 > Expanding MA wave > H4 HH+ HL TP - Take profit at last turn around level ^ Entry above reversal bar ^ SL - Stop loss a number of pips under reversal bar
Elliot Wave 1- 5 done, currently in ABC ? Better to wait for 20EMA to go above 50 EMA for added confirmation