Price can get extremely complicated and as you know the more complicated things get the less probable you will see winners. This chart is getting complex but is still forming bullish price structures. My previous 30m bullish idea (related idea) is still in play but the current price structure changes my stop level to 1855.00 up from 1845.00. The red bearish pattern is invalid so it is likely fractaling becoming a left wing on a larger bearish pattern. The small black bearish pattern is valid so it is likely to create a new low where I would be looking to buy. As long as price does not close below the 1860.00 level this bullish price structure is valid. I am trading into the bullish daily idea (related idea) I posted previously. That bullish pattern on the daily is valid so I am anticipating price to reach above its high. Depending on how price action reacts to the target level I have described here will determine if I hold into the daily or close and try to catch another bullish position on a bearish corrective wave. The most important pattern here is the future teal bullish pattern. If it forms as I am anticipating it is a very powerful pattern, I will need to see its B level (1860.00) hold price before I enter a long position. So I am on the sidelines until I get confirmation the bullish price structure I am anticipating is confirmed.
