I know this chart is a mess! but that's because complex corrective patterns are mess and they can form variety of combinations for long time; but eventually one of these waves is the final one and price will finish the corrective phase and start an extremely impulsive and trendy wave which non of us want to miss it, so we have to risk and take trades in each wave that can be the last wave of corrective phase.
This wave which is about to end, is one of those potential final waves.
The major idea of trade is that the whole daily correction is ending and price is going for an impulsive wave to downside (orange or red arrows), but if the waves coming out of triangle behave corrective, it's a sign that corrective phase has not finished yet and there will be waves to upside. (green arrows and green text boxes)
About green text boxes: If price tend to reverse upside and continue corrective phase, it's not necessary to do it on the trendlines, there are not support and resistance, but the probability to do it on the trendlines is higher
This wave which is about to end, is one of those potential final waves.
The major idea of trade is that the whole daily correction is ending and price is going for an impulsive wave to downside (orange or red arrows), but if the waves coming out of triangle behave corrective, it's a sign that corrective phase has not finished yet and there will be waves to upside. (green arrows and green text boxes)
About green text boxes: If price tend to reverse upside and continue corrective phase, it's not necessary to do it on the trendlines, there are not support and resistance, but the probability to do it on the trendlines is higher
