Will we get a possible C wave down to get a nice entry lower down for the next impulse up?
2 possible entry zones on chart...
If it doesn't retrace further or for people who like to trade breakouts more than pullbacks: simply trade the breakout of the trendline above the current correction...
Choose wisely...
2 possible entry zones on chart...
If it doesn't retrace further or for people who like to trade breakouts more than pullbacks: simply trade the breakout of the trendline above the current correction...
Choose wisely...
Therefor I feel that we might break to the upside sooner than expected and not get the ideal entry, just a feeling...
Of course there's always the breakout trade... For that one it would be ideal to get a break above the high at (1) with a re-test to that level and than a continued move up to give us confidence... But we don't always get what we want...