Hi traders,
I hope you're having a great weekend!
As you can see from the chart, I strongly think we are currently at the last stage of Phase D. During this phase, two main things you have to look for.
1. Sign of Strength - A strong bullish wave (which already happened)
2. Last Point of Support (LPS) - A higher low which will act as a strong support and the last price level before a strong bullish run (which I think we are forming now).
I'll update this idea as much as possible to keep everyone updated.
Let me know if you have any further questions. Have a great day! - Abdulla
I hope you're having a great weekend!
As you can see from the chart, I strongly think we are currently at the last stage of Phase D. During this phase, two main things you have to look for.
1. Sign of Strength - A strong bullish wave (which already happened)
2. Last Point of Support (LPS) - A higher low which will act as a strong support and the last price level before a strong bullish run (which I think we are forming now).
I'll update this idea as much as possible to keep everyone updated.
Let me know if you have any further questions. Have a great day! - Abdulla
