Multipliable trade set ups from this pattern but im long bias on higher time frames. The pattern could brake here offering a sell down to 48 but is the most risky of the trades. Breaking trend line and long to 56 would be a trade ill take. Ill update if position taken.
Ultimately after a correction You want to get long as this will be the best wave up on the higher time frames to trade.
Ultimately after a correction You want to get long as this will be the best wave up on the higher time frames to trade.
Comment:
Clear break lower. looking low time frame short entry and buy's off fib levels shown.
Comment:
On the lower time frame we have a 5 wave impulse down and now a larger 3 wave up. Watching for a reversal and a short entry at this point.