Description
⋅ Confluence of Long:
1. ABCDE Triangle - Correction (typically W4 of 5 wave impulse)
2. 11k S/R from AUG - SEP 2019 - holding
3. Demand Zone: 10600-10900
4. 1H + 4H Bullish DIV (hidden)
ABCDE - Leg E should retrace 50% of range of consolidation - (10600 - 11200) = 10900
LONG:
Entry - 10950
SL - 10800 = invalidation of ABCDE consolidation
Target = 11400 (previous top), 12000 (R from 2019)