Impulsive move up is definitely fading away. Some pips down still possible, but IMO this is the nice area to watch for longs.
There both bearish and bullish options for the larger structure, but at least we can trade the correction to the last impulse.
The bullish option is under question, but viable - if we assume a flat structure as shown on the chart - with its waves C testing the prior trend line
Let us see.
There both bearish and bullish options for the larger structure, but at least we can trade the correction to the last impulse.
The bullish option is under question, but viable - if we assume a flat structure as shown on the chart - with its waves C testing the prior trend line
Let us see.