Market Conditions: Uptrend w/ Correction (Continuation of larger trend)
Confirmations:
1) Market Structure:
Impulse + Correction
2) Fibonacci:
50% Reached (1,2 Elliot Wave)
3) Price Pulled Back and Respected 50% fib (Previous S + R/Price Reversal Zone)
4) Continuation Pattern
5) Long term Uptrend (trend is your friend)
Message me if you have any questions :)
1) Market Structure:
Continuation + Correction
Elliot wave in play (Verified with fib)
Flag continuation pattern forming
2) Fibonacci: Respected 23.6 / 38.2 for entry (previous S + R and Price reversal zone Verified)
3) Price pullback and wicked in zone (Price action)
4) Flag Pattern Continuation Pattern
5) DXY looking Bullish
One thing to be wary of is Bank...
Short idea:
Market: Channel on Daily (Flag)
Confirmations for this trade:
1)Market structure: Downtrend
Strong impulse w/ correction forming (price action)
Elliot wave (1,2,3 formed) w/ 4 in motion now leading to 5th final wave
2)Fibonacci ratio (23.6) confirmed w/ previous support / resistance + price reversal zone present
3)Final wave before potential buy at...
