Still short bias based on weekly but keep a bullish scenario in mind in case the triangle breaks to the upside.
Waiting for confirmation is probably the smart thing to do!
On the other hand:
1. If you believe in the bearish scenario, buy now or at a possible e wave (about the same price I would expect, so you could buy now...) with SL above wave a for the best entry.
2. If you believe in a bullish scenario, try to buy at a possible d wave with tight SL below support for the best entry.
The black double sided arrows are attempts at thrust measurement.
The bullish scenario has potential for a very nice R/R, even with confirmation. The bearish scenario is less favourable but maybe more likely... We'll see...
Nothing's fixed, adjustments can and probably need to be made depending on actual PA!
Waiting for confirmation is probably the smart thing to do!
On the other hand:
1. If you believe in the bearish scenario, buy now or at a possible e wave (about the same price I would expect, so you could buy now...) with SL above wave a for the best entry.
2. If you believe in a bullish scenario, try to buy at a possible d wave with tight SL below support for the best entry.
The black double sided arrows are attempts at thrust measurement.
The bullish scenario has potential for a very nice R/R, even with confirmation. The bearish scenario is less favourable but maybe more likely... We'll see...
Nothing's fixed, adjustments can and probably need to be made depending on actual PA!
