78 3 3
Description on Chart

Possible 5 wave Completion in process....

Turning up from this Retest is the trigger for the upper end of the range
Comment: No breakdown of ""Potential Support zone" ......it is Support until proven otherwise.
Inside bar formed...entry.....retest of the high. Take profit or manage for a break of the 4 high,
Possible move to lower prices.......Let Price lead.

Its all context and screen time. By learning the language of price, you can "SUCCEED"
Comment: ENERGY COIL at the highs....Price will lead shorty.......Challenge the "4" high or get slammed back to Support......follow its lead.
Where is your entry point?

What chance has it to fill the gap above it?

I'm unfamiliar with the 5 wave completion process, sorry.

Thank you,
SynergyCharts GMOTruths
Entry Point is a matter of ones technique in their trading plan. Buying the high of the low bar in the move down or a trend line break is all acceptable. It is about their context of their trade. I couldn't tell you about the probability of the gap fill. There are gaps above and gaps below. Playing for those gaps depend if one has a positive expectation in that setup. I use gap in "Confluence" to see the bigger picture and pattern. The wave sequence I refer to is a simple 5 wave structure. If you can see a 5 wave structure in the waves I use that as information on my anaylyis for my trade setup. Whether it be a continuation to the 5th Wave or Trading a reversal at the termination of the 5th wave. The "Zones and Areas of Interest" I show are my view and are there to aid in the analysis of the trader.
GMOTruths SynergyCharts
Gap above is filled and was not crossed. Bears have it from here. I'm maxed out, shorting WAB was my last trade today, so I cannot take this very attractive short on WTW.

Thank you,
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