Structure contains five overlapping waves A-B-C-D-E A-B-C-D-E wave is a corrective wave and where the wave ends at E, main trend resumes. ABCDE is a triangle wave, and final wave E tells us prices will breakout to join main direction.
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My apologies I didn't realise my setup was rearranged, the trade is actually bullish ACE share the same line.
Trade active
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Trade valid
What I meant previously was that the wave count is only valid if the trend ends up moving north.
So what I meant to adress was that the trade setup is solid, but wave count is invalid. Setup remains valid