it seems that the rectangle on the chart is a flat type of correction, although its not ideal one because B wave looks like an impulsive wave rather than 3 waves structure of correction; but if its not flat, so what type of pattern is it?
so if we consider it as a flat, long entry will be triggered when the price break above horizontal line.
lets see how is it going
so if we consider it as a flat, long entry will be triggered when the price break above horizontal line.
lets see how is it going
Comment:
the structure can develop as a triangle correction as wave B and then i anticipate one more wave to upside as wave C
Comment:
that 12345 counting on wave C of triangle can be a 3 wave structure of double zigzag
Comment:
or it can develop this way
