Short

Correction Time

By Wave-Trader

Updated

Watching for corrective move for trend continuation

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Nice bounce off

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If pullback again then buy again

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I was expecting bullish wave but it seems to me that corrective channel extending itself even outside the channel but i am still looking for up move. This reversal pattern is not convincing me that bears are in control. I am expecting break up with impulsive move as it is forming reversal pattern so my idea is still valid. If you are not in then look for buy as much lows as you can Good Luck. Here is the update Guy.

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Those who bought on lows may move on break even but there is high chance that price will test lows again but currently price trying to breakout and may be successful here is the update. Watching for price action

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Here we got the corrective flag formation and updated idea.

Wave-Trader

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