H4 is looking corrective, I'm looking at a possible running or expanding flat for at least a C up.
I could be wrong and the internal structure is complete, I don't really like it but it is possible.
Although it's looking corrective it could be the start of the larger C wave up so I want to risk the buy!
Looking for 1st TP at 100fib, 100fib will change depending on where the internal C wave down ends.
There is no confirmation D1 C wave is over so price can push lower. On H4 we could get an expanding pattern breaking the low so I will wait for confirmation of more upside to come before buying!
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 long term setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
D1 Possible structure, Check out the idea details for the full rundown. Thanks
I could be wrong and the internal structure is complete, I don't really like it but it is possible.
Although it's looking corrective it could be the start of the larger C wave up so I want to risk the buy!
Looking for 1st TP at 100fib, 100fib will change depending on where the internal C wave down ends.
There is no confirmation D1 C wave is over so price can push lower. On H4 we could get an expanding pattern breaking the low so I will wait for confirmation of more upside to come before buying!
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 long term setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
D1 Possible structure, Check out the idea details for the full rundown. Thanks
Comment:
So we got the internal C wave down as per my analysis. Wait for confirmation of more upside to come before jumping into the buy, If price break's the invalidation point before giving a buy setup, leave it alone!
Comment:
Silver has pushed lower. Invalidation point still holding, look for bull flag on lower TF to confirm more upside to come before buying.
