₿ Following the profits made on the downside (as predicted), I am now looking for reversal signals. My long-term outlook remains bullish, with two primary scenarios:
scenario 1 :
The Demand Zone (Preferred): A minor further correction into my demand zone (on chart) followed by a sharp reversal. This represents a high-reward entry point for higher targets.
scenario 2 :
Structural View I am monitoring the wave structure. Whether we get a 5-3-3 or a 5-3-5 corrective pattern, both suggest we are nearing the end of the bearish move.
Summary: Whether we play an aggressive breakout or wait for a zone reversal, the goal is the same: catching the next major rally. Stay patient!
scenario 1 :
The Demand Zone (Preferred): A minor further correction into my demand zone (on chart) followed by a sharp reversal. This represents a high-reward entry point for higher targets.
scenario 2 :
Structural View I am monitoring the wave structure. Whether we get a 5-3-3 or a 5-3-5 corrective pattern, both suggest we are nearing the end of the bearish move.
Summary: Whether we play an aggressive breakout or wait for a zone reversal, the goal is the same: catching the next major rally. Stay patient!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.