Theta Elliott Wave technical analysis [Video]
|THETA/USD Elliott Wave Technical Analysis
Function: Counter trend.
Mode: Corrective.
Structure: Zigzag.
Position: Wave((C)).
Direction next higher degrees: Wave E of Triangle.
Theta/ US Dollar (THETA/USD) Trading Strategy: The structure of the ABCDE Triangle is complete, with point E being the latest low, which may end the correction and prepare to enter a new uptrend. The low of Wave C is at around 0.899 USD, which acts as a critical support (W.C. Invalid Triangle).
Trading strategies
Buy strategy (Long position):
- Waiting for confirmation of a reversal above 2.187 USD.
Risk management:
- The low of Wave C is around 0.899 USD which acts as a critical support (W.C. Invalid Triangle).
THETA/USD Elliott Wave technical analysis
Function: Counter trend
Mode: Corrective
Structure: Zigzag
Position: Wave((C))
Direction Next higher Degrees: Wave E of Triangle
Theta/ US Dollar (THETA/USD) trading strategy: The structure of the ABCDE Triangle is complete, with point E being the latest low, which may end the correction and prepare to enter a new uptrend. The low of Wave C is at around 0.899 USD, which acts as a critical support (W.C. Invalid Triangle).
Trading strategies
Buy strategy (long position):
- Waiting for confirmation of a reversal above 2.187 USD.
Risk management:
- The low of Wave C is around 0.899 USD which acts as a critical support (W.C. Invalid Triangle).
Theta Elliott Wave technical analysis [Video]
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