Uptrend continues as we recently completed a 3 wave zig-zag correction (Big ABC)
Recent uptrend is being corrected and we should expect a regular flat (abc small) before we continue long with an expected strong wave (3). B wave of current correction did not break above wave (v) terminal, hence an expanded flat is not possible therefore we look to buy around the 0.382 region only after price action reversal confirmation. For safer entry, you can buy the break of the high and place your stop below the regular flat correction and ride the trend. Enjoy the pips !
Recent uptrend is being corrected and we should expect a regular flat (abc small) before we continue long with an expected strong wave (3). B wave of current correction did not break above wave (v) terminal, hence an expanded flat is not possible therefore we look to buy around the 0.382 region only after price action reversal confirmation. For safer entry, you can buy the break of the high and place your stop below the regular flat correction and ride the trend. Enjoy the pips !
Comment:
Trade still pending, no entry as of yet, as previously stated, we will look to enter ONLY AFTER Price Action reversal which has not yet been given to us, until then we will become patient.