... so let's play: expanding triangle.
Considering the plan, the target after the breakout will be around 2300.
Or not!...
I'm trying to follow the structure here. I'm trying, but I can fail, needless to say.
I was expecting to see the market retracing at least 90% of Minute wave a (red), but if failed to get there, and now three waves down again (at least, till now). Therefore, I'm starting to reconsider the triangle, being in this case an expanding one. For that, Minute wave d has to go beyond Minute wave b, and Minute wave e needs to go beyond Minute wave c, all of them having the zigzag our double zigzag pattern. Minute wave e could breach the a-c trend line.
Waves 4 are so nice to trade, aren't they?
Considering the plan, the target after the breakout will be around 2300.
Or not!...
I'm trying to follow the structure here. I'm trying, but I can fail, needless to say.
I was expecting to see the market retracing at least 90% of Minute wave a (red), but if failed to get there, and now three waves down again (at least, till now). Therefore, I'm starting to reconsider the triangle, being in this case an expanding one. For that, Minute wave d has to go beyond Minute wave b, and Minute wave e needs to go beyond Minute wave c, all of them having the zigzag our double zigzag pattern. Minute wave e could breach the a-c trend line.
Waves 4 are so nice to trade, aren't they?
