has been moving into a correction for a while, after an impulsive upmove and is now about to reach the lower parallel of a valid slope median line
set. The safest way to go long with this market is to wait for a bounce at the parallel in addition with a breakout above the corrective structure (green trendline
). For those traders who identify a bullish
trade setup at the parallel of the fork
, is abosolutely fine to go long from that level too.