Trading waves inside the Bearish Wedge, Part 3

Updated

You might remember this post from 3 months ago, where i said this big wedge would probably be a very good guideline to trade inside of it. So far playing out almost perfectly. On the right, blue circle, i posted about it in my public channel, that it was likely to be a false break out and potentially even the high of this wedge. But today's move, seems to be a reversal move. So if the bulls can hold this now, we should see another wave up, ideally even making a new high inside the wedge. Because there i will most likely play a long term short.
Short term, i will wait for it to drop a bit, ideally inside that flag on the right and not dropping too much. There i will try to go long if i see it turning on the 1m and 5m chart

Previous analysis:

Trading waves inside the Bearish Wedge, Part 2

Note

Looked like it was going to follow the flag, but the second wave went straight through it. A bit unfortunate, not because of the potential long trade, but now we might not get the chance to short at at the highs of that big wedge. So just sitting and waiting patiently for this one coming week or 2.

botje11

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