The current price has the potential to form wave 4. I will look for confirmation in the blue area, the target remains the supply dialy area which also has the potential to become wave 5.
I opened a sell trade to take wave C before later opening a trade for wave D.
on 15m TF formed choch or qm buy. so that's my reason for the entry. for the first target on fresh supply. then the next target follows the price.
The weekly supply was successfully penetrated and if tomorrow it manages to close above the supply then it has the potential to rise even higher, of course it will do a retest first.
i was just scalping today. if there is a moment to swing trade i will swing.
there are three points for entry. OB, supply 1h and supply 4h. We are waiting for a reaction or confirmation.
just my opinion, which is likely to make a butterfly. if true it takes a very long time.
just my opinion, if you want a safer entry look at the 4h supply. Good luck
The current price is on demand. Is this demand able to hold the price? We just need to wait for confirmation. If this demand is able to hold the price down, a harmonic pattern may form.
will the dot form a butterfly pattern? may be. but it looks like it's still very long.
This is just my opinion, not inviting and only as a reference. so, if you want entry, please re-analyze.
I expected that the price would rise and then fall, but in fact the price continued to fall towards the next 4h demand. Maybe at this demand the price will bounce up.