I'm starting to see continuing bearish divergence on H4 so this could be a sign were starting a correction, I have drawn the basic 3 wave correction duplicating the first X correction but the correction could turn into a number of possibilities. Time will tell!
There's no confirmation yet wave Y is over but is has bounced off the 200fib (not drawn on chart)
I will be waiting for end of correction before looking for bullish flag on lower TF to buy Z up
There's no confirmation yet wave Y is over but is has bounced off the 200fib (not drawn on chart)
I will be waiting for end of correction before looking for bullish flag on lower TF to buy Z up
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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.