OK, now for the icing on the cake for the Advanced Traders among you.
In the last post we saw how profits were taken at the first projected profit target, however, when we look at the Elliott Wave pattern of the rally during the TS3 long trade, we can see how this unfolded as a 5-wave advance. With the high right at the maximum Wave 5 WPT, this was another reason for the Advanced Traders among you to just bank profits MIT. Because not only were you at the normal TS3 profit target but at the maximum area where a wave 5 was likely to end. So no wonder a high was made there.
This nailed the high of the day for you perfectly.
Thanks
Steve
In the last post we saw how profits were taken at the first projected profit target, however, when we look at the Elliott Wave pattern of the rally during the TS3 long trade, we can see how this unfolded as a 5-wave advance. With the high right at the maximum Wave 5 WPT, this was another reason for the Advanced Traders among you to just bank profits MIT. Because not only were you at the normal TS3 profit target but at the maximum area where a wave 5 was likely to end. So no wonder a high was made there.
This nailed the high of the day for you perfectly.
Thanks
Steve
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