Buying (with SL below the low) in the boxed area seems to be a good idea.
It's the 0.618 retracement of the upmove and the 1.272 extention of the recent first corrective downmove.
This is not a tarde call, better trade wisely. your risk!
It's the 0.618 retracement of the upmove and the 1.272 extention of the recent first corrective downmove.
This is not a tarde call, better trade wisely. your risk!
Comment:
you hae a sell setup now and may want to take this on the waiting for the long trade meanwhile.
Comment:
it is slow, but i still wait for the 1.272 to be hit and then looking for long entry
Order cancelled:
initial idea seems to invalidated soon. the price action looks like it will soon break to the upside but i am still suspicious