5 wave impulse completed by EU with a lovely extended 5th wave to end the impulse. This means that a lot of energy was expelled in
the creation of that wave hence the expected consolidation that followed suit. A consolidation is good, because it gives us time to
prepare and catch up on our notes and observe past behavior. I am therefore expecting a deep A leg correction of the major
degree (red), which also happens to be the C leg of the minor degree zig zag pattern. Looking forward to this trade to learn
from it as well.
Targets:
- 1.16300
- 1.15370
- 1.14770
Have a blessed week ahead
the creation of that wave hence the expected consolidation that followed suit. A consolidation is good, because it gives us time to
prepare and catch up on our notes and observe past behavior. I am therefore expecting a deep A leg correction of the major
degree (red), which also happens to be the C leg of the minor degree zig zag pattern. Looking forward to this trade to learn
from it as well.
Targets:
- 1.16300
- 1.15370
- 1.14770
Have a blessed week ahead
Trade active:
SL moved to break Even
Comment:
Comment:
TP 1 Hit