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Action: Buy at market price (I am in at $7842.9)
Stop Loss: $7556.8
Take Profit: roughly $8200 (The 0.236 retracement of all (5) waves)
Order valid: 2 hours from publication
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Not Financial Advice
This 5th wave is extended and is over 1.618* wave (1), so it is a highly risky option to go long now. However, there is a strong signal from RSI and MACD that there will be a strong bounce soon up to around 8200 and so I think it is worth taking the risk.
Action: Buy at market price (I am in at $7842.9)
Stop Loss: $7556.8
Take Profit: roughly $8200 (The 0.236 retracement of all (5) waves)
Order valid: 2 hours from publication
➖➖➖
Not Financial Advice
This 5th wave is extended and is over 1.618* wave (1), so it is a highly risky option to go long now. However, there is a strong signal from RSI and MACD that there will be a strong bounce soon up to around 8200 and so I think it is worth taking the risk.