Long to complete expanding flat?

I expected this to move a little deeper before going long but it now looks like it's trying to finish off this expanded flat. (See the linked chart below for my longer term forecast)

At the moment we are looking at a potential long entry set up which should develop over the next day. If we get a break of the trend line (alarm line in chart) look for the correction and I'll have my set up. (according to my trading rules - yours may be different)

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Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

הערה:

Guys - this chart is to far up - to see it properly click and hold the background and re position it.

הערה:

This is why we don't jump into breakouts - price has come back down and now I'll be looking for an entry set up

הערה:

Moving up nicely - if you're in this from the break out I would suggest moving your stops to zero in case it comes back down.
Remember "Money Management Rule #1 - Protect Your Capital"

הערה:

Very disappointing but I did warn that it might come back down. We had a nice move up on this and now it's come right back down. I was taken out for a small profit. That's trading - reset and look for the next opportunity.
Here is my new view of it. The corrective structure has become more complex - we could now see a push back up as indicated on the chart below or price may push down some more before bouncing back up. We'll wait to see what happens next. If you are still in this I would strongly advise against moving your stops lower. If it takes you out simply look for the next opportunity.

הערה:

We got there eventually