Looking for a nice trade back up to the top structure line, some sideways movement as before then a good blast up to 0.382 fib retracement level, then back up to the top of the previous spike and onwards..
But one step at a time.. Let's see if we get a break up to enter long...
All comments welcome, thanks for viewing.
Not sure where to start labelling this triangle, but never-the-less, if the structure is correct it will be about 300 pips and much more if it breaks out at the top of the current pattern and heads for the next one!
Or if yellow labels are right it could head back down at "E" for more pips and even more if it breaks below to the bottom of the next structure line..
Hi Traders,
I am new at this wave trading and find the forecasting of direction and retracements fascinating!
Being new, I will probably have some of the wave labels wrong, but I am not so worried about getting them perfect, so please don't be so pedantic as to correct every detail.
If you have a different "idea" using waves & Fibos, feel free to show a chart so...
