Elliott Wave: 4th wave, get ready to go down, build the 5th wave
🎯 I focus on Modern Elliott Waves (Neowave) because this strategy gives me objective to start entry and stop levels. #BTCUSD
📚 According to the Wave Theory: wave 4 cannot cross generally the bottom of the 1st wave in impulse waves .
So, we can use the bottom of the 1st wave as an invalid level for a bearish outlook 🤓
Such trades give a limited risk, and the potential reward is always several times greater than the risk. Just what we need!
📚 According to the Wave Theory: wave 4 cannot cross generally the bottom of the 1st wave in impulse waves .
So, we can use the bottom of the 1st wave as an invalid level for a bearish outlook 🤓
Such trades give a limited risk, and the potential reward is always several times greater than the risk. Just what we need!
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