The daily structure broke with one impulse, and the correction of this impulse couldn't change to a primary trend expansion.
Yet...
This is the daily chart with the structure break:
If is stays like this (so, the new daily impulse base will stand), and the waves start to build south, the short countertrend's expansion phase will be a nice opportunity to ride the corrective impulse down to the correction fibo 38.2.
If this daily impulse base is taken back by the buyers (on the daily), the primary long trend resumes.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Yet...
This is the daily chart with the structure break:
If is stays like this (so, the new daily impulse base will stand), and the waves start to build south, the short countertrend's expansion phase will be a nice opportunity to ride the corrective impulse down to the correction fibo 38.2.
If this daily impulse base is taken back by the buyers (on the daily), the primary long trend resumes.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Note
Zone triggered, countertrend started. I'm just waiting for 1 countertrend break on H1/M15. Idea is valid below the H4 impulse base.Trade closed: target reached
Day trader capitalizing on the expansion phases of emerging trends.
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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.
Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION
SUBSCRIBE 🚀 themarketflow.trading
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.