W1 We have impulse up with a correction, after the internal ABC down we have an impulse up breaking the TL so I'm expecting the C wave up.
D1 We have bullish divergence, an impulse up breaking the TL and were in consolidation. We have 3 up and I was expecting the Z up (look at my H4 idea, link in related ideas) but instead were getting a larger correction so it can not be a Z up like many are forecasting still (or wave 5 for the conventional EW'er) it has to be of a higher degree. I have it as a ABC at this stage on D1 as I can only forecast for the ABC but I suspect we may get a WXYXZ to complete the W1 C up. Either way I'm expecting more upside, at least a C up and am only interested in buy setups at this stage. 1st targeting the 100fib not yet drawn.
H4 Is very choppy, inexperienced traders get cut to pieces in these situations. What the exact corrective structure will end up becoming is anyone's guess at this stage but looking at the price action I'm expecting a complex correction something like whats shown in the chart.
I will update this idea when I get more data.
Good luck and trade safe!
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D1 We have bullish divergence, an impulse up breaking the TL and were in consolidation. We have 3 up and I was expecting the Z up (look at my H4 idea, link in related ideas) but instead were getting a larger correction so it can not be a Z up like many are forecasting still (or wave 5 for the conventional EW'er) it has to be of a higher degree. I have it as a ABC at this stage on D1 as I can only forecast for the ABC but I suspect we may get a WXYXZ to complete the W1 C up. Either way I'm expecting more upside, at least a C up and am only interested in buy setups at this stage. 1st targeting the 100fib not yet drawn.
H4 Is very choppy, inexperienced traders get cut to pieces in these situations. What the exact corrective structure will end up becoming is anyone's guess at this stage but looking at the price action I'm expecting a complex correction something like whats shown in the chart.
I will update this idea when I get more data.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen this count and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Good Luck and trade safe.