We are sitting at a set up for a beautiful fall with a valid impulse leg to the downside and a healthy retracement already performed. . Three things need to occur first:
Of course, your entry conditions need to be satisfied prior to entering but we could see a set up confirmation late this week or nest week.
RR - 1:4
- Test the descending trendline (M)
- Test the Structure as resistance (W)
- Break & retest the counter trendline (W)
Of course, your entry conditions need to be satisfied prior to entering but we could see a set up confirmation late this week or nest week.
RR - 1:4
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