Looks like we are getting a possible running flat as a larger correction for more downside.
1) look for TL break on lower TF and a bear flag for confirmation of more downside to come before jumping into a sell.
2) SL should be placed just above the wave C in the running flat + spread
3) Ideally We would like the 100fib for TP but the structure can be completed for a C wave anytime after the A wave has been broken so move to BE once price hits the yellow line
4) invalidation point for this potential setup is top of wave C in running flat
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup.
If you have any questions about my analysis, leave a comment. If you have a different or similar idea share your idea and lets discuss it.
1) look for TL break on lower TF and a bear flag for confirmation of more downside to come before jumping into a sell.
2) SL should be placed just above the wave C in the running flat + spread
3) Ideally We would like the 100fib for TP but the structure can be completed for a C wave anytime after the A wave has been broken so move to BE once price hits the yellow line
4) invalidation point for this potential setup is top of wave C in running flat
If you would like to see more trade setups like this, hit the follow button, If you like my analysis, hit the thumbs up so others get the chance to see this potential setup.
If you have any questions about my analysis, leave a comment. If you have a different or similar idea share your idea and lets discuss it.
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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.
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.