H1 I'm looking at it as a expanding flat in wave B before we see the C up. There is no buy setup at this stage looking at price action and we could get a for more downside before we get the C up so we need to wait and see what flag we get, if it's you can take it and get it to BE ASAP because we don't know how deep internal C wave down will go and may even break the low.
H1 if we get a before price breaks the invalidation point you can take the buy and it is a buy you don't want to miss! Depending on the structure wave B end's up giving us will deter-man if we can expect a C up or Y impulsive move up.
I'll update the idea if I see something interesting, Trade with care and wait for confirmation before entering any trade!
BTCUSD H4 Correction up Idea. Checkout the idea detail's and update's so you can get the complete picture of what I'm currently looking at. Thank's
BTCUSD D1 Long Term EW Analysis. Get all my update's in one place by hitting the thumbs up, Checkout the idea detail's and updates for the complete picture thank's.
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This is a good example of why we need solid break of flag before entering. Now we don't have a nice buy setup and am thinking were getting an expanding flat in the internal B wave of C down.
M15 experienced trader's can look for the sell scalp but wait for a nice bear flag to form.