You already know what I think (or if you don't it's in my previous ideas about us indices and pound pairs).
I do not think there will be massive stonks downtrend yet.
No big fear crash that makes everything fall (and $ rally).
Dollar gets weaker as infinite money is printed.
I don't think there is a reason for the pound to go down.
Looks like a new trend up (or could hesitate and sideways a bit).
Wave 1 had a near 100% retrace, Wave 3 will have a very small one probably.
Could go way up.
Risk a little to make a lot.
Looking alot like the typical recovery:
The 1958 pound bottom:
invst.ly/qaeho
Another option...
I do not think there will be massive stonks downtrend yet.
No big fear crash that makes everything fall (and $ rally).
Dollar gets weaker as infinite money is printed.
I don't think there is a reason for the pound to go down.
Looks like a new trend up (or could hesitate and sideways a bit).
Wave 1 had a near 100% retrace, Wave 3 will have a very small one probably.
Could go way up.
Risk a little to make a lot.
Looking alot like the typical recovery:
The 1958 pound bottom:
invst.ly/qaeho
Another option...
Сделка активна:
Wasn't supposed to be such a drawn out correction but I don't care.
Bill Lipschutz said there was a risk (in trading in general) most people forgot and that was time, the longer it takes the more external factors come and change the conditions, and so this is why he recommends (when he got interviewed in market wizards I think) a higher RR the higher the timeframe.
I think he said he went for 3 to 1 minimum on intraday TF's and minimum 5 on higher TF's.