We have now had a potential ABC correction
If we can get a Higher Low I am looking to go Long.
The potential setup invalidates if we don't get a Higher Low but instead get a Lower Low,
as this could turn into an ABCDE correction.
Targets remain the same but entry and stop loss are still to be defined once the structure is in place.
Wait for a Higher Low before entering Long
Sean Vengan, Professional Cryptocurrency Trader and Trading Educator
If we can get a Higher Low I am looking to go Long.
The potential setup invalidates if we don't get a Higher Low but instead get a Lower Low,
as this could turn into an ABCDE correction.
Targets remain the same but entry and stop loss are still to be defined once the structure is in place.
Wait for a Higher Low before entering Long
Sean Vengan, Professional Cryptocurrency Trader and Trading Educator