The bearish wave seems to be running out of steam...now forming this wedge pattern along with divergence on the 4H chart.
A more conservative approach would be to wait for the bounce and flag to long, but based on this set-up I am willing to take the trade.
The target shown is only Target 1. Will update when moving stop loss to breakeven and managing the trade.
Looking for entry as shown for a potential breakout of the flag on the hourly and perhaps eventually the flag on the daily (zoom out). Will update later in the day, it will be a busy one for me.
