GU looks bullish on the daily chart that means it finished correcting and heading to the upside to finish wave 5 of B.
im looking to trade wave 3 of 3 "yellow" so with that said imma be waiting for
4h; confluences as a clear correction/pullback to a fib level matched with strong daily/4h S/R
_schrinking candles/ some rejection candles and a bullish engulfing candle
1h; break of structure
ema's crossover
stops; bellow previous swing
target; depends on you
keep in mind
managing risk and thinking of probabilities is way important than the outcome of any trade
have a good trading week.
im looking to trade wave 3 of 3 "yellow" so with that said imma be waiting for
4h; confluences as a clear correction/pullback to a fib level matched with strong daily/4h S/R
_schrinking candles/ some rejection candles and a bullish engulfing candle
1h; break of structure
ema's crossover
stops; bellow previous swing
target; depends on you
keep in mind
managing risk and thinking of probabilities is way important than the outcome of any trade
have a good trading week.
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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.