Trend trading
Weekly, trend is down, rally up trend with long wick candle, trend is likely going to move down.
Daily timeframe, price touch the zigzag channel and reverse. But now price still in the C leg channel, not yet break. Momentum is strong with the long body red candle, and the price has not reach the lower C leg channel, so the price could move down more little
15-min chart, trend is down, price break the countertrend wave trigger entry. First target should be on C leg trendline. Price then can reverse to up trend but lower previous high showing trend change pattern. Wait for price break the lower trendline then continue follow trend with trend change signal. Or early entry when price break below up move counter trend wave then sell
Daily timeframe, price touch the zigzag channel and reverse. But now price still in the C leg channel, not yet break. Momentum is strong with the long body red candle, and the price has not reach the lower C leg channel, so the price could move down more little
15-min chart, trend is down, price break the countertrend wave trigger entry. First target should be on C leg trendline. Price then can reverse to up trend but lower previous high showing trend change pattern. Wait for price break the lower trendline then continue follow trend with trend change signal. Or early entry when price break below up move counter trend wave then sell
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