Fortunately, we reversed the position in time in the previous post. In the 5-minute time frame, there are correction waves of wave 1 or A, which will have an upward correction after the completion of wave B or 2. that you can enter the continuation of the sell position in pullback. But in the higher time h2, as you can see in the chart, wave 4 of the upward correction has been completed and in wave 5 the correction is the continuation of the structure. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
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With the formation of the floor pivot that has completed a complete cycle, wait for the confirmation of the support floor to enter the sale transaction in the red box area. Confirm in the red box area to continue the correction.
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After identifying the temporary correction bottom in 5m time, it is correcting upwards in the form of corrective wave B. Therefore, I expect that in the red box, after confirming the continuation of the path, he will perform the correction in the form of wave c or 3.
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Even though the sell position was stopped. But it is still a corrective structure and you can enter a sell position with the loss limit of the discredited analysis area.