There are two different ways to trade this market based on my analysis.
You can wait until the market reaches the low of the channel and go long.
Make sure to wait for confirmation and a strong reversal!
The alternative would be to wait for a third major bullish push so that you can trade the move down from the wedge.
Since the bullish trend in the yellow...
Wait for the market to return in the 0.382% - 0.5% retracement zone.
If the market turns in this area you have a good chance to catch wave 5.
Good luck!
Good Long Opportunity!
Market Might Turn At 0.618% Fibonacci Retracement.
Support/Resistance Level Is In The Same Price Area.
End Of Elliott Wave 1 In Same Price Area!
