D1 I'm looking at a running flat correction at this stage but it could become an expanding flat, where wave C ends is anyone's guess.
H1 I'm looking at the possibility of an extended wave with a bear flag forming now. We have no bearish divergence so the short will only be a scalp.
D1 Chart
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation of my free analysis.
Thank's to all the traders in advance that hit the thumbs for your support!
코멘트
⋅
We didn't get an extended wave, instead we got the larger correction. Look for buy setups for wave 5
코멘트
⋅
거래청산: 스탑 닿음
⋅
Unfortunately we never got the 5th wave up on H1. We now have a H1 TL break and on H4 the MACD has turned red. Now were in the waiting game to see what sort or H4 correction we get. H4 Chart
I Guess as the impulse wave develops. It will start to give us clues where it is going to top out? :-)
Boon2
⋅
@Craig.sloper.10, Yes, will have to play it by ear. Should be interesting and a nice longer term short from the top. I still havn't ruled this out on the MN