Hey traders! On the monthly timeframe
is in the midst of corrective structure before beginning a third bullish
impulse. As we zoom in, we see that it is currently in a sideways correction and is nearing a potential completion of a 3-3-5 flat. If the current wave ends in a 5-wave
(C), we can expect a bullish
impulse to follow. This wave is predicted to complete precisely at the formation of a completed Gartley pattern
and could set off the rally toward wave-(B)-of-2. In order to be sure, however, it is best to wait for the first bullish 5-wave
impulse to complete and buy the second wave pullback toward target.
I will update as the tide rolls. Happy Trading