About meHonestly Speaking, I come from the web development field. Since I was studying in class 10th since then I have started my own trading and the fractures of the days within me have been developed since time immemorial.
The wave C of wave ((4)) is to complete and we are going to ride on an impulsive wave ((5)).
One can take safe entry when price breaks parallel channel or Enter at wave 5 of wave (C)
As per rule wave, 4 can never overlap the starting point of wave 1 so our SL will be high of...
The triangle is to be composed of 5 waves.(A,B,C,D,E)
In which wave D is creating sub waves.
The end point of wave D will be the starting point of wave E.
E wave is the end point of the triangle.
The E wave is the end point of the triangle from which the price will move upwards with great force.
alternation: If this is not a triangle then wave 5 started from the...
The Triangle has developed into Wave-iv. Therefore, we can assume downward move in progress. By the using lower TF (1hrs) , we can determine exact trading entry, exit and target.
Shortly, I will upload the chart of 1hrs.