I'm looking for a correction on 1H.
Big resistance zone incoming. I'm looking to reach support ( id est : previous flat
( Buy low , Sell high )
Please, comment if you think I missed something.
**** This is just an idea, don't trade it. Look for your own plan. ****
I'm waiting for signal.
But I already took a long with a stop very close.
The price follow the trend line ( the one where I put 3 circle when price touched. )
It also did a a abcd correction after 1 2 3 4 5 waves.
It follows my other view of the chart with shoulder head pattern, but more simple way.
In june, after a long down trend started in 2014, we finally hit the major resistance / Support of 2012after and then we had a range for last 2 month which it may imply the start of a uptrend.
As you can see we also approach the long down trend resistance line (Orange).