In our last analysis we identified the picture perfect higher timeframe impulse schematic.
We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear.
We now have the wave 4 correction and we are halfway through it.
On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below:

We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below:

Trade Idea: Blue Move (LONG)
For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs.
Trade Idea: Red Move (SHORT)
We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity.
Goodluck and as always, trade safe!
We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear.
We now have the wave 4 correction and we are halfway through it.
On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below:
We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below:
Trade Idea: Blue Move (LONG)
For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs.
Trade Idea: Red Move (SHORT)
We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity.
Goodluck and as always, trade safe!
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Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。