EJ has been on a strong bullish run, initially I had a bullish bias as I saw the LTF flag as a correction after the breakout of the HTF Descending structure but now it looks more like the middle section of the ascending structure gearing up for the reversal. Of said ascending we have a clean Correction after the breakout which I'm looking to take as our entry to...
We've had a Deep Descending correction for a while now, from which we've just broken out of and it looks to be creating another separated descending correction which strengthens our reversal bias and it also give us a cleaner entry which we should be able to spot. A clean LTF correction after the breakout will be our entry. Similar to EURUSD.
We had a larger Descending Structure from which we broke out of creating a new descending structure from which we just impulsed out of, Now were looking for the Correction after the breakout to complete so we can take it as an entry for the reversal. This play is a textbook example of Pattern Seperation.
