we are in 4th wave of an impulse
and it seems that A phase of an ABC for 4th wave correction has finished
and price will go up to B and then again come down for C wave.
if the correction is zigzag this is what will happen
but 4th waves are always most dangerous waves for trading; if you want to trade this wave use strict money management and exit as soon as possible.
note that divergence in play. for confirmation of this set up; its better to wait for MACD cross.
and it seems that A phase of an ABC for 4th wave correction has finished
and price will go up to B and then again come down for C wave.
if the correction is zigzag this is what will happen
but 4th waves are always most dangerous waves for trading; if you want to trade this wave use strict money management and exit as soon as possible.
note that divergence in play. for confirmation of this set up; its better to wait for MACD cross.
Comment:
bigger picture
