A sharp move into the correction area means that some traders must take profits. A good entry has been up in the target zone when H4 closed down the previous start of the impulse wave up (see related idea).
Now it's time to wait what waves emerge from the market. Sometimes the best trading is staying out.
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.