Possible long opportunity with correlated primary trend. The recent break of the secondary down trend may be the 1st impulse wave.
A retest of the previous high printed in the secondary down with bullish indications at that level may provide an opportunity to ride the 3rd impulse wave.
A retest of the previous high printed in the secondary down with bullish indications at that level may provide an opportunity to ride the 3rd impulse wave.
Note
No pullback occurred for entry but T1 and T2 reached with fairly decent accuracy.Now waiting for pullback to join the primary trend.. eyeing the T1 (now support?) region for signs of bullish momentum to enter on the 5th wave.
Note
3rd wave*
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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.