This series of price structures is very complex. Each arrow is there because it has its own valid price structure. To catch every one of these trades is incredibly hard to do. The price structure is so complex it scrambles my mind at times. It makes me question what wave price is on and if I am not sure on the wave I really am hesitant to enter a position. The yellow arrow the bearish CURCT is technically still in play because it hasn't broken its B level. Which makes this current 30m bullish CURCT price structure (red arrow) higher risk. I am going to enter a long position using low risk if I get a very clear HCT candle on this 30m price structure. I need a CLEAR HCT candle here on the 30m chart so a candle that closes higher than the previous two candles highs before I will enter. If price closes below 1.2702 this bullish price structure is no longer valid and I will stay on the sidelines.
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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.