M15 My last idea BTCUSD M15 Trend Line Break I was looking to buy the flag but instead it turned into a H1 correction before we got the next wave, (M15 idea in related ideas)
H1 Price has dropped short of hitting the 100fib which is a little concerning since we don't have any bearish divergence on H1 but we may have bearish divergence on the M15. Price looks to be building a bull flag at this stage so I'm expecting more upside. I would only like to see a H1 flag here to extend wave Y which you can buy and not a H1 correction. A H1 correction here could mean upside is limited so at this stage I'm only looking for a bull flag to buy.
D1 Idea, check it out to get the complete picture thank's.
Good luck and trade safe!
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H1 Price has dropped short of hitting the 100fib which is a little concerning since we don't have any bearish divergence on H1 but we may have bearish divergence on the M15. Price looks to be building a bull flag at this stage so I'm expecting more upside. I would only like to see a H1 flag here to extend wave Y which you can buy and not a H1 correction. A H1 correction here could mean upside is limited so at this stage I'm only looking for a bull flag to buy.
D1 Idea, check it out to get the complete picture thank's.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen this count and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Note
Got the H1 flag and break, let's see if it goes.Note
Quick update, I'll be watching price action to see if were in H1 wave X and a buy setup for a wave Z.M30 Chart.
Note
The H1 correction is getting to large to be an X for the Z up and to impulsive. We do have the possibility of bull hidden divergence on the H1 but there is no confirmation of that so I'm looking at more of a larger B wave.M30 Chart.
H1 Chart.
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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.