Here's an hourly chart recommended on the previous Daily chart post for scalping of a likely pullback. As explained there, we were looking on H1 chart for a break of 13CCI down thru an uptrendline, shown here on chart, from 44315.
Resumption of Up trend would be a cross of CCI back up thru a down trendline on CCI, after tagging -38.2% retracement
Resumption of Up trend would be a cross of CCI back up thru a down trendline on CCI, after tagging -38.2% retracement
Comment:
It's reasonable to stay w Daily charts if you don't want to trade often
Comment:
sorry I didn
t wait for a 5th waveup to 45625 before locating -38.2%.
t wait for a 5th waveup to 45625 before locating -38.2%.