This idea is valid as long as the structure in the orange box maintains its three wave structure.
To prepare for a big run, it goes without saying that there must be some sort of accumulation and manipulation to occur.
In this case, I propose this expanded flat structure where we took the high out to kill the shorts and also trap buyers. Then, terminate that low to take out the buyers and trap sellers.. where we will enter a long into the big move.
To prepare for a big run, it goes without saying that there must be some sort of accumulation and manipulation to occur.
In this case, I propose this expanded flat structure where we took the high out to kill the shorts and also trap buyers. Then, terminate that low to take out the buyers and trap sellers.. where we will enter a long into the big move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.