We have a potential fractal "triangle within a triangle" formation. It has followed the script up to this point so we will try to take advantage of the order within the chaos. We have 5 points set on the larger triangle and we had a move down from there. I am expecting point 5 to be set soon on the smaller triangle. It may have already set a top for the 5 wave. Anyway we are looking for a candle to close below the cloned trigger line for a sell confirmation with a target at the bottom of the triangle. If price goes outside of the triangle before closing below the trigger line then the trade is voided.
God bless. Happy trading folks.
God bless. Happy trading folks.
Comment:
close below trigger line a few days ago. now waiting for target to be reached.