After an impulse big move to the upside which ended at the median line, price has been in a correction since the begining of the year and it's now approaching the lower parallel of the upsloping median line set. Looking left at the parallel we my see that price found very good support reversing everytime it tested it.
Keep a closer eye to price so when it reaches the lower parallel, to start watching for a buy setup completion. Set no profit targets (stoploss should be there for sure) and see if you can just trail your stop and add positions when possible. If another impulse will form when this correction is over there is a huge potential to the upside.
I will update the post when we have action, so like and follow to stay updated..!
Goood luck..!
Keep a closer eye to price so when it reaches the lower parallel, to start watching for a buy setup completion. Set no profit targets (stoploss should be there for sure) and see if you can just trail your stop and add positions when possible. If another impulse will form when this correction is over there is a huge potential to the upside.
I will update the post when we have action, so like and follow to stay updated..!
Goood luck..!
