As it stands, price has actually tested the side-wards resistance, and I highly doubt it'll break in this candle, I think more shuffling first. Alongs the LH is NOT violated, this analysis stands and I am (Albeit short term).
Bear in mind the breakout move will almost certainly stiop at around 3500, correct and then become a 3 wave pattern. It wouldn't be logical to expect a impulse flat right now.
Also bear in mind that getting in this second isn't logical unless you really know your s***.
Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts!
I will continue to update this analysis in real-time if this idea receives sufficient attention :-)
Well done to anyone who followed my advice here, was an easy profit maker if you went in early. If you're waiting for retest on side-wards resistance as support before entry then this is also a good idea.
The entry style here just entirely depends on your trading style.
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Meaningful. Insightful. Educational.
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