We have a Zig Zag correction coming to completion and opportunity to sell wave 5 for a 3% move. Then will look for long entry.
Looking at this area for long entries. Will update if position taken.
Ive been short on the lower time frames and will continue to look at the short side until oil is at the 38 level. At the 38 level we could be at a completion of a corrective flat pattern and I will then look at entries for the long side. Identifying were you are on the higher time frame can be most beneficial to day trading on lower time frames enabling you to...
Looking at short trade here then if successful will trade each swing in the pattern.
Looking at long entry on break of green line and break of wave iv high. This is a low time frame structure and may not be in the same direction as the larger trend. What fits well here is the 5 wave impulse with wave 5 being the extended wave. Corrections from a wave 5 extension normally end in wave 2 of the impulse which this has. The correction type fits a...
Waiting for a correction here and will take 2 long positions on a break out. will update with targets if position taken.
taking a long position on pull back. possibility of flat correction. Copper seems to be holding strong with shallow pull back compared to other metals. looks to have broken down trend higher time frames also.
Looking at taking a short on last leg down in a B wave triangle
Correction close to completion and offering a buy set up. Will take 1 position as shown (order in market) on chart and then take second position on confirmation of reversal.
Trying a speculative long here. looks ok on lower time frames. Just 1 position minimum risk.
Trying a short here after a 5 wave structure. C leg projection is target 2.
See chart for my view/count. Will update if i take short entry on break of trend (as per green arrows)
Watching for break for long entry target as per chart
watching for entry as a fell correction is over and there's some upside here. Will take 2 positions second position manual exit first position as per chart.