H4 there's nothing confirmed that the larger impulse to the upside is ready to play out but in my view that doesn't mean we shouldn't take the buy on lower time frames if get the setups, at worst it should turn out to be a breakeven trade or a little profit depending on your entry system and how you manage your trades!
H1 we have Y down with bullish divergence in the internal ABC down so I'm looking for buy's only
1) Invalidation point is the low of wave Y.
2) Look for bullish flags on lower TF to confirm more upside before buying.
3) Look for any signs of reversal around the 38.2fib for TP.
f you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
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H4 potential setup idea, We will get a better understanding of the H4 idea as the H1 plays out! Check the idea details and update's for the full rundown.
H1 we have Y down with bullish divergence in the internal ABC down so I'm looking for buy's only
1) Invalidation point is the low of wave Y.
2) Look for bullish flags on lower TF to confirm more upside before buying.
3) Look for any signs of reversal around the 38.2fib for TP.
f you would like to see more trade setups like this, hit the follow button. If you like my analysis, hit the thumbs up so others get the chance to see this potential setup and you get updates on the trade!
Thank's to all the traders in advance that hit the thumbs for your support!
H4 potential setup idea, We will get a better understanding of the H4 idea as the H1 plays out! Check the idea details and update's for the full rundown.
הערה:
I can now rule out the idea of the Z down, If your still in the buy, keep it at BE, if your not in the buy or got out Look for buy's for the C up.
Like I mentioned I'm forecasting for the Z down but we don't know for sure as this could be the end of the H4 C wave so it's worth taking the buy in my view and look as price action around the 38.2fib retracement level for signs of a continuation for Z down or reversal for H4 C up.