D1 I'm looking at a running flat correction at this stage but it could become an expanding flat, where wave C ends is anyone's guess.
H1 I'm looking at the possibility of an extended wave with a bear flag forming now. We have no bearish divergence so the short will only be a scalp.
D1 Chart
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H1 I'm looking at the possibility of an extended wave with a bear flag forming now. We have no bearish divergence so the short will only be a scalp.
D1 Chart
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation of my free analysis.
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
We didn't get an extended wave, instead we got the larger correction. Look for buy setups for wave 5
Comment:
Trade closed: stop reached:
Unfortunately we never got the 5th wave up on H1. We now have a H1 TL break and on H4 the MACD has turned red. Now were in the waiting game to see what sort or H4 correction we get.
H4 Chart
H4 Chart
