Confluence: - Impulsive move away from higher timeframe downtrend. - Broken the Inner and Outer Trendline. - Potential H&S pattern where we could look to enter of the right shoulder. - Currently Correcting now in an ascending channel.
Confirmation: - We have to allow a few more retail traders enter the market. Being patient and waiting for that area of liquidity is crucial. - A manipulation candle tapping into the 61.8% fib level. - Minimum RRR of a 1:3
Targets: - Would be the bottom of the correction but we can potentially see further downside movement to the HTF trendline!