There are a few reasons I think this market is going to complete the last 5th wave of 30min 1. 4h Bear wick 2. Sell limit zone is pivot point 3. 30min just complete 3 wave, require 4 and 5 4. 1h High is supply zone, 5. ................wait for 15min candle reject confirmation
This is the last 5th wave of C, Check the smaller TF after market complete the last 5th wave of C
There are 2 scenarios, 1. The market has to manipulate the Asia high by fill the FVG (fair value gape) 2. The market will go to retest resistance zone for double tape, How ever, I have much expectation that the market is going to complete the last 5th wave in Lower - Low
As we can see in 4h TF, EG fall very perfect in the 5 waves = 1st big wave of C Thus it will require for ABC correction to any resistance zone such LPOTM, Gold ratio (61.8 fib), or previous neck, of any IB But, please aware that on 30min TF not complete 5 waves yet, or in order to go high, Asia low require to be manipulate.
At the smart money concept, possible take entry for short to the last wave
Are you ready for the big move? Here is my idea on Gold, 30min TF After complete 5 waves of 3rd wave, the market is going to create ABC correction as the 4th wave, and about to create last 5th wave bear as manipulation zone Hello, Trader! Feel free to comment and give some advise,
EG completed the small 5 wave = 1st wave of C, thus we are waiting for abc correction at any golden fib,
First we have to wait for the completion of the 5 wave, of H4
Gold is going to complete the abc correction soon, thus we can take long in the long term (d1) after complete the last 5th wave of C, In the H4, waiting for opportunity for short in the short term
On the ABC correction, there are 3 sets of wave, A=5 waves, B=abc wave, C=5 waves, Now trend on the 3rd to 4th wave of bearish correction
It's seem no support in very short term, thus 5 wave of C is going to complete in the lower low after these manipulation phase
FX:EURCAD Scenario 1: The trend might create L-L for abc correction, Scenario 2: It is just big manipulation, thus the trend will break the previous high
Wait to Short term shot at the key level area. The long term is go long after create ABC correction.
If the market follow the the abc correction, in order to fill the gape on the previous STR (Structure) Let check 1 H to confirm for any Asia Low for manipulate in order to go high,