Looks like a wave 5 here. Got all the symptoms. 1.618 min extension of the wave 1, divergence on the RSI, “snake” formation on the stochastic. There is nice subdivision on the lower frame. I’m not looking to trade this as wave 5’s are tricky to trade. If it does follow through I’m looking for the following correction to trade.
I will follow you, great work! Leave us a like as well :) @pkealoha76
Jamal92
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Daily hammer formation forming on the daily. Its a great reversal pattern especially when corresponding with a double bottom. Its gonna be long unless more negatives coming from the trade war.
pkealoha76
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@Jamal92, Mahalo for sharing! Nice confluence. The RR is nice but too bad it’s the end of the week or I’d be in it. Have an awesome weekend!