Attempt at projecting the end of a possible breakout move (false or not will need to be confirmed on daily at least).
For study purposes.
For study purposes.
コメント:
Looking at the 15 min. it is possible that we did complete 5 waves in the last up move so wave 5 of the 4H count could be finished. Watching the reaction at the channel/S/R/trendline now...
コメント:
Level to watch:
Also try to figure out whether the down move is a corrective or a motive wave... (3 or 5 waves...?)
コメント:
Possible corrective structure made my min. requirements, not to say it can't continue further down but I do see a possibility for a breakout trade above this possible corrective pattern!
コメント:
Breakout, SL below the pinbar
Maybe we can use this TF to confirm a possible breakout though, if we get a limited retracement here without going too far below the trendline we could get an entry for a possible further rally...
Looking for an ABC zigzag, a flat or a triangle...