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]