In our last analysis, we identified that we were in wave 2, which is an ABC correction. We initially thought it would be a simple ABC correction but it appears we have an expanded Flat correction. We're expecting wave C now back down to wave A generation point.
Trade Idea:
- Look for lower timeframe trendline break or BOS for confirmation of reversal
- Enter with stops above the highs
- Targets: 23, 21, 20
Goodluck and as always, trade safe!
Trade Idea:
- Look for lower timeframe trendline break or BOS for confirmation of reversal
- Enter with stops above the highs
- Targets: 23, 21, 20
Goodluck and as always, trade safe!
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