H4 We have one wave down and price action suggesting were in a B wave correction. You can look to buy the internal C wave up but I don't see a buy setup as of yet.
D1 Checkout the idea to get up to speed on the possible scenario's.
W1 The MACD has turned down below the 0 line so I'm still expecting price to break below wave A and complete the structure. Checkout the idea for the complete picture thank's.
Good luck and trade safe!
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D1 Checkout the idea to get up to speed on the possible scenario's.
W1 The MACD has turned down below the 0 line so I'm still expecting price to break below wave A and complete the structure. Checkout the idea for the complete picture thank's.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
A quick update on H1, price in wave B is very deep which suggests we will only see a C wave up before more downside, currently it's a regular flat correction. It is very unlikely we will get a reversal from here. Its important to note a wave B can break the low before giving the C up for a running or expanding flat so it's important to wait for confirmation before jumping in a buy trade.
Comment:
Price broke the low in a B wave so I'm looking for the C up as a running or expanding corrective structure. We have impulse up breaking TL wait for flag to form before jumping in.
Comment:
I'm looking at a possible bear running flat in wave B, Checkout the new idea to get the complete picture thanks.
