US 30 TO FLY - SAFE TO ENTER

7 ביוני 2023

Price did not reach my initial level for entry as described in my previous post however, we have received solid confirmation to enter as we have formed a triple zigzag on the lower timeframe which is a corrective Elliot wave pattern which is usually followed by an impulse. Furthermore, we have received a break and multiple tests of our 33580.06 level of support. Therefore, we have received enough confirmation to enter. Any break past our 4th minute Elliot Wave would invalidate our trade.

Again, I am still bearish in the long term. In the meantime, I will take this buy and wait for the bearish setup to play out.

Take profit - 34717.29
Invalidation - 33399.35, the 4th minute Elliot Wave