Take this as an idea to develop your own setup
We will be waiting for the confirmations mentioned on the chart. By doing that we will
have strong confirmations that support the bearish view.
Currently, the main structure is the bullish ascending trendline, this zone will either confirmed the continuation of the
bullish movement or the continuation of the corrective bearish movement, we will update this Trade Idea in case the price behaves as expected.
Taking an Institutional View or WYKOFF theory we should see how Stops are filled before the new impulsive wave begins.
WEEKLY View:
We will be waiting for the confirmations mentioned on the chart. By doing that we will
have strong confirmations that support the bearish view.
Currently, the main structure is the bullish ascending trendline, this zone will either confirmed the continuation of the
bullish movement or the continuation of the corrective bearish movement, we will update this Trade Idea in case the price behaves as expected.
Taking an Institutional View or WYKOFF theory we should see how Stops are filled before the new impulsive wave begins.
WEEKLY View:
