EJ has given us a great bullish run in the past week. Wave 5 has been complete but in this 5 wave motive move,
wave 5 is an extended wave. We also have the formation of a head and shoulders pattern at the peak of wave 5
within an ascending channel. I will wait for a break and retest for entry confirmation. This is a counter-momentum
trade and will therefore require some caution.
If you enjoy this setup please do drop a comment and a like, I would highly appreciate it.
#FOLLOW4FOLLOW
wave 5 is an extended wave. We also have the formation of a head and shoulders pattern at the peak of wave 5
within an ascending channel. I will wait for a break and retest for entry confirmation. This is a counter-momentum
trade and will therefore require some caution.
If you enjoy this setup please do drop a comment and a like, I would highly appreciate it.
#FOLLOW4FOLLOW
Comment:
Trade wasn't triggered, no break or retest of the trendline.