Weekly: Consolidation to Wave 5
After watching that market recently, we are in a major consolidation into the end of Wave 4, about to start Wave 5 soon this week.
Right now, if you were to look at the hour chat, there is a Triangle Pattern in the works, currently on Wave 3 Triangle Pattern, and it looks that it wont finish until into tomorrow May 12 for those in the U.S.
Stochastics in oversold condition suggest going long is high probability.
Until then scalping plays for those who you who do know how to scalp. Trade with caution.
Happy Hunting.
Right now, if you were to look at the hour chat, there is a Triangle Pattern in the works, currently on Wave 3 Triangle Pattern, and it looks that it wont finish until into tomorrow May 12 for those in the U.S.
Stochastics in oversold condition suggest going long is high probability.
Until then scalping plays for those who you who do know how to scalp. Trade with caution.
Happy Hunting.
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