𓃭 ♥ 𓆃 The arrows mark the future pivots. This is not the only scale lock option you can use, but I like it. 𓃭 ♥ 𓆃
How to square tops and bottoms? Very simple!
If the Price will come to 182 in couple of days, go long. Otherwise keep on sell positions waiting for another proper impulses. SL at 253.
As an update to the previous post, 1201$ did act as a short term resistance, pushing the price back down to 1142 in a few days. Now, I have marked the low at 1131$ as a Major Low for various reasons: 1st, because it has shown impulsive price action which we have not already seen since the Major Top at 10th of July. 2nd, because We've counted the Elliott Waves and...
So you've done your wave counts. You are in Wave 4 retracing a portion of Wave 3. Now you grab a Fibonacci retracement tool and drag it all the way along Wave 3. You have 3 important numbers to look for: 38.2%, 50% and 61.8%. A lot of you might say, "Well, it's wave 4, so it's gonna retrace 38.2% of Wave 3 most of the time". Now if you buy on 38.2 where would...