For my previous post and context see link below:
Due to the fact that the lower time frames show a bearish impulse we might have to keep in mind that wave B in red might not be in place yet.
Short term I'm looking for a consolidation on the lower time frames for a potential sell trade. If we see a strong reversal then we have to adjust and wait for the bullish consolidation.
Updates will follow.
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
Due to the fact that the lower time frames show a bearish impulse we might have to keep in mind that wave B in red might not be in place yet.
Short term I'm looking for a consolidation on the lower time frames for a potential sell trade. If we see a strong reversal then we have to adjust and wait for the bullish consolidation.
Updates will follow.
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
Note
I still like to see a significant consolidation of at least 3 waves before a high probability sell will present itself.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.