H4 I see it as only one move down which put's us in a critical point as there is the potential of the hidden divergence playing out.
H1 At this stage I'm looking at a larger correction before more downside as a running flat, but no one knows for sure where internal wave C will end so I'm not ruling out the expanding flat in X to complete the structure.
I'm overall and will wait patiently for the internal wave C up to end and give a setup before jumping into the sell. It's to early to give SL and TP at this stage as that will depend on where the internal C end's.
More experienced trader's can scalp the H1 internal C up on the lower time frames moving stop's to BE ASAP and taking profit's at the first sign's of a setup.
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get update's.
Thank's to all the traders in advance that hit the thumbs for your support!
D1 idea Running flat for more downside supporting my view so checkout the detail's and update's, Thank's.
Here's a pic of the 1st TP, 2nd TP will be the D1 running flat fib.