H1 Price is building a bull flag, it's a risky trade as we have the bear divergence present but you can take the trade targeting the 100fib.
If the H1 buy scalp is to risky a trade for you, you may have to sit on your hands for a couple of days, the larger impulse is to the downside I'm just waiting for a setup for the short trade.
H4 My 2nd TP was hit in the wave Z up, Once this wave Z up is over I'm expecting a larger correction to the downside. H4 Larger Correction idea, Check it out to get the complete picture thanks.
D1 Idea is going as planed. Were at the stage where we should start to see the correction, checkout the idea for the complete picture thanks.
Good luck and trade safe!
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Trade closed: stop reached
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The bull flag failed and you should have taken a small hit or got BE if you were lucky enough, no surprise really as like I said in the description its a risky trade but on the brighter side we should get a sell setup soon. I'll put out a new idea once I see a nice setup.
@Boon2 - What kind of indicator is that ? Looks like modified MACD ?
Boon2
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@SlavicChartist, Yes its called the macd 4c, it cuts out a lot of the noise the regular macd gives. It basically is the histogram of the signal line on the regular macd. Heres a pic, hope it helps.
santoosmasry
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show me your full count please
there is something in this market wrong i thik all wave b is up waves most power waves etc
Boon2
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@santoosmasry, All my counts are on the charts from D1 down to M30. Here is my M15 if you want it.
santoosmasry
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@Boon2, thx bro but i mean all count largest one
from start point
Boon2
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@santoosmasry, Your more than welcome to go over my BTC idea's, there you will see my W1 count right the way down to whats in this and my H4 idea.
santoosmasry
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@Boon2, do you think there is something with wave b in this market ?
at least in last 2 years?
Boon2
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@santoosmasry, Hmmmmm I'm not sure I understand your question? This is how I'm looking at D1.
santoosmasry
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@Boon2, sorry for my english
yes , you got it
we dowe A larg degree and up another A small degree
all the time !
also
most of b waves is wxy or more !
most waves is just like that
is thats right or i lossing my mind?
Boon2
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@santoosmasry, Yes the corrections are the most difficult structures to forecast because there's just so many EW corrective structures. No one will ever know in advanced what the corrective structure will be until its completed with the confirmation. We forecast so for example if i'm forecasting for a wave C up on the D1 chart I only look for buy setups on the lower timeframes so even if my D1 forecast is incorrect my trade on the lower timeframes will just be a break even trade instead of a loss 95% of the time if you get my drift.