Since my last update it's clear the D1 structure is over and on W1 were either in X before we get Z up or its all down hill from here. At this stage I see the possibility of Z up on W1 so were in a big correction.
H1 I see 5 down with an extended Y wave and bullish divergence between wave Y and Z. There's no confirmation wave Z is over so price can push lower.
What I will be looking for is an impulse up breaking the structure and a flag to confirm more upside before buying ultimately targeting the 50fib retracement.
1) Z wave down we don't have confirmation it's over
2) Wait for TL break and bull flag to confirm more upside to come before entering the buy
3) 1st targeting the 50fib, 50fib level will change if Z wave not complete
I will update this idea as price play out.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
H1 I see 5 down with an extended Y wave and bullish divergence between wave Y and Z. There's no confirmation wave Z is over so price can push lower.
What I will be looking for is an impulse up breaking the structure and a flag to confirm more upside before buying ultimately targeting the 50fib retracement.
1) Z wave down we don't have confirmation it's over
2) Wait for TL break and bull flag to confirm more upside to come before entering the buy
3) 1st targeting the 50fib, 50fib level will change if Z wave not complete
I will update this idea as price play out.
If you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
Since my last update price has continued to push lower. Correction is imminent, Look for buy signal's. Be sure to wait for confirmation of more upside to come before entering the buy!
Comment:
Price continues to push lower, Yesterday price ended up giving bear flag and it look's like getting another bear flag on the lower TF so short term I see more downside to come. You can short scalp the bear flag's but downside is limited so take profits if scalping shorts. I'm only looking for buy's at this stage and I'll wait for confirmation with a bull flag before buying!
Comment:
More downside to come, Checkout the idea detail's. Thank's
Wait for impulse up and bullish flag to confirm more upside before buying.