Market has completed Elliott wave correction pattern abc. Last swing could not make new low, that looks like a possibility for trend continuation long. Trend line show it strenght, as support level does. Support zone is confirmed by volume profile and Fibonacci levels.
My trade plan:
1. going long on break out of the support zone.
2. keep an eye on price action when resistance zones reached. If confirmed - second trade long will be taken and stop loss of first trade placed into safe zone.
My trade plan:
1. going long on break out of the support zone.
2. keep an eye on price action when resistance zones reached. If confirmed - second trade long will be taken and stop loss of first trade placed into safe zone.