H1 I can't rule out one more higher high but we are getting a bear flag, It maybe worth giving it a go and getting it to BE in case we get the H4 wave C down from here.
M15 were getting a bear flag, it is quite a risky trade so take with care and wait for a solid H1 close. 1st targeting 100fib. (not drawn)
M15 Chart.
H4 Complex Correction Idea, Check it out!
D1 Wave Z Up idea, Check it out!
W1 Long And Short Term Outlook idea, check it out to get the complete picture!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
M15 were getting a bear flag, it is quite a risky trade so take with care and wait for a solid H1 close. 1st targeting 100fib. (not drawn)
M15 Chart.
H4 Complex Correction Idea, Check it out!
D1 Wave Z Up idea, Check it out!
W1 Long And Short Term Outlook idea, check it out to get the complete picture!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
評論:
Here is the more complex M15 structure I would expect if were going to get the H1 wave Z up.
評論:
As I mentioned in the description it is a risky trade and after the flag break it didn't go so you would have either took a BE trade or your SL was hit at top of flag for a small hit. Trading corrections is a dangerous game.
Currently on M15 we have 3 up in the internal correction with no bearish divergence so I can't rule out a Z up. With the larger correction taking place this suggests were looking at a H1 Z up so only experienced traders should attempt to trade the correction short as the RR diminishes. We now need TL break and flag to trade.
M15 Chart.
Currently on M15 we have 3 up in the internal correction with no bearish divergence so I can't rule out a Z up. With the larger correction taking place this suggests were looking at a H1 Z up so only experienced traders should attempt to trade the correction short as the RR diminishes. We now need TL break and flag to trade.
M15 Chart.
