We appear to be forming a continued bullish corrective structure! This is based upon my current understanding of EW Principle. Thanks for checking it out! Show me some love, and what you were thinking ;)
Update from my understanding of Wave Principle! Looks like a combo corrective structure that went from a flat to a zig-zag! Waiting for a good place to jump in long! Will keep it updated! Trade responsibly! ;0
What's up traders! To me this looks like a complex correction taking place! It appears to me to still be in correction and not trending (motive waves) What do ya'll think?
Thanks for the support and comment with some feedback or what you were thinking!
Thumbs up if you agree! :D
Have a good week!
The chart above expresses the nature of how well TD-Combo and MIDAS Technical Analysis work together.
This is personally my favourite strategy since it is easy to use and the success rate is very high.
MIDAS Trading Tools for MT4 is available to download @ MQL5.com
Price likely to return to MA50 and continue down in Daily channel.
+ At the top of Daily channel down
+ Macd crossed down
- Risk - could be crossed UP Daily channel
For confirmation wait Daily close below 1.4190