In my last M30 idea I had the possibility of the running flat as my ALT count, I looks like this scenario is how price wants to play our. see pic.
H1 We can wait for a bear flag or correction for the scalp down to the 100fib. We will have to watch that area for the possible turning point for the larger C wave up completing the H4 B wave.
My H4 idea hasn't really changed at this stage, it is still a regular flat correction in the wave B but we need to be mindful that now there's a high possibility the corrective structure may change from a regular flat to a running flat correction in the B wave with the low getting broken. Checkout my H4 idea to get the complete picture thanks.
Good luck and trade safe!
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H1 We can wait for a bear flag or correction for the scalp down to the 100fib. We will have to watch that area for the possible turning point for the larger C wave up completing the H4 B wave.
My H4 idea hasn't really changed at this stage, it is still a regular flat correction in the wave B but we need to be mindful that now there's a high possibility the corrective structure may change from a regular flat to a running flat correction in the B wave with the low getting broken. Checkout my H4 idea to get the complete picture thanks.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
M15 Wave C Down idea, check it out to get up to speed on the lower timeframe thanks.
