Preparation for another advance. The stoploss at top of wave 1
The Nasdaq (NQ2H) is heading to make new top on hourly chart.
There are 4 signals that make you buy the oil for trading in short term: 1- Price near to MA 50 which acts as support. 2- The uptrend line shows considerable support for the price. 3- The decline lookalike a correction pattern based on Elliott wave theory making the opportunity to buy for another a rising leg. 4- The price is close to 38% fibo retracements....
in Short term there is a space for more advance in this pair.
Aggressive traders buy at green arrows. Stop at invalidation level.
Very boring correction that why you should stick with your plan and accept the consequences either bad or good. Keep your mentality’s and attitude’s away from your emotions. You should master this technique to survive in trading markets.
When combine wave analysis with classic. Stick with your plan.