there is quite a lot going on in the moments before this next wave starts to conceptualize. Not the one drawn but on 1/4H
we have a much larger impulse coming and in which will potentially have a false move beginning.
Looking into wave theory and Market Maker Method with this one.
we have 3 and 5 waves up formations on this smaller scale 15M chart.
followed by channels on the corrections.
Key things to watch for....
Consolidating areas could mean it's about to move range bound for days before the larger move. If so try to catch the bottom and trade the range.
we have a much larger impulse coming and in which will potentially have a false move beginning.
Looking into wave theory and Market Maker Method with this one.
we have 3 and 5 waves up formations on this smaller scale 15M chart.
followed by channels on the corrections.
Key things to watch for....
Consolidating areas could mean it's about to move range bound for days before the larger move. If so try to catch the bottom and trade the range.