Gj providing us with a lovely opportunity to go short by signalling a corrective structure after surging
from wave two. The presence of wave three in this case is validated by the previous high closing
above wave 1. That previous high also ended with a head and shoulders pattern whose neckline
has just been retested. Looking to catch the remainder of the corrective leg which also forms the
Y leg of the minor WXY pattern. However my bias is net long as wave 3 is the target.
Do let me know down in the comments if you enjoyed this setup or perhaps even share your views,
I would highly appreciate it.
from wave two. The presence of wave three in this case is validated by the previous high closing
above wave 1. That previous high also ended with a head and shoulders pattern whose neckline
has just been retested. Looking to catch the remainder of the corrective leg which also forms the
Y leg of the minor WXY pattern. However my bias is net long as wave 3 is the target.
Do let me know down in the comments if you enjoyed this setup or perhaps even share your views,
I would highly appreciate it.
Trade closed: target reached
Currently halfway towards target.