- looks like a corrective down move to support, then a decision point to resume the current up trend.
trading corrective wave : check for buy and sell entries with appropriate r:r on lower time frame
On 60min timeframe, Corrective trend is bulish Motive trend is bearish Looking for sell setups and price action.
before taking a sell, look for sideways movement 1st.
set up your r:r by waiting for a small correction that breaks to the downside.
look for a small corrective strucutre that breaks to the upside.