Hello traders.
I'm expecting either weekly down impulse or weekly corrective structure after up wave. I believe last top was the end of it. So, I like to take short trade. Right now I'm waiting for a correction to sell it. For more details, please check the related idea and you can watch my video analysis.
I'm expecting either weekly down impulse or weekly corrective structure after up wave. I believe last top was the end of it. So, I like to take short trade. Right now I'm waiting for a correction to sell it. For more details, please check the related idea and you can watch my video analysis.
Comment:
Structure between aqua lines can be ann expanding flat. My entry order below previous top.
Trade active:
Sorry, I missed one update. Trade active and so far so good. I like to see a correction to take more short trades.
Comment:
I'm expecting 4th wave. You can move your stoploss to breakeven. If it makes 4th and 5th waves, your trade remains safe. But I don't touch it yet, because I want to protect my trade if it makes deeper correction instead of 4th wave.
Comment:
It looks like the broken trend line was retested and the drop continues. I'm waiting a correction to take another short trade.
Trade closed: stop reached:
Very interesting up move after completed 5 waves.
