1). Place Fib tool wherever it works, as theses will be key levels of Buy/Sell entries! 2). Strike a trendline off of whatever works best! 3). Establish a 5-wave/ABC sequence that seems to work! 4). Remember, wave 1 defines directional bias of price action! 5). Wave 3 slightly broke above a previous high, therefore the upward bias is likely still intact! 6). It's all the same price action principles on any timeframe any Instrument! 7). Practice...It's actually quite simple! KEEP IN MIND, WAVE 2 COULD DROP DEEPER... AS IT REMAINS THE ACTIVE WILDCARD!
Note
KEEP IN MIND, WAVE 4 COULD DROP DEEPER... AS IT REMAINS THE ACTIVE WILDCARD!
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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.