I assume the price is already in wave 5 of the impulse to the downside
- yesterday we've got the wave 1 of 5 and now are in the wave 2 of 5 (deep pullback, typical for the second waves)
- on the h4 t/f the basic assumptions/ rules for the impulse according to EWA are in place (sequence of corrective waves (zigzag vs flat, no overlap, channel working perfectly with the median line).
You can optimize short entries on M15, trying to track the completion of the wave 2 and catch the reversal - up to 10 to 15 RR, if projection for the wave 5 is achieved at 1,51 (Fibo 2,62 based on the length of wave 1)
Seems a bit difficult, but those who have spent some time on understanding wave principles, will agree))
Have a nice weekend!
- yesterday we've got the wave 1 of 5 and now are in the wave 2 of 5 (deep pullback, typical for the second waves)
- on the h4 t/f the basic assumptions/ rules for the impulse according to EWA are in place (sequence of corrective waves (zigzag vs flat, no overlap, channel working perfectly with the median line).
You can optimize short entries on M15, trying to track the completion of the wave 2 and catch the reversal - up to 10 to 15 RR, if projection for the wave 5 is achieved at 1,51 (Fibo 2,62 based on the length of wave 1)
Seems a bit difficult, but those who have spent some time on understanding wave principles, will agree))
Have a nice weekend!