This view is from EW perspective. So price is in a bit more complicated corrective phases, we never know when the correction ends, but all we know it would end somewhere and head forward.
Until we get confirmation for a big impulse wave ahead, we can trade within the range as this mentioned setup. If this count is correct, there would be a small impulse (which starts a bigger impulse never know).
Until we get confirmation for a big impulse wave ahead, we can trade within the range as this mentioned setup. If this count is correct, there would be a small impulse (which starts a bigger impulse never know).
Note
Price didn't break up but making a down leg, so the Y is possible to extend more at lower level. The same view of this pattern is intact even Y extends after the close of this H4 candle.Note
Follow price if break upNote
Price broke the major resistance line and now heading straight to target. Take half of profit ahead if you had and let the rest run to target.Note
2/3 target, take some and move Stop to your Entry
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I’ve taken a break from my public community engagements to focus on raising my three kids, but I'm rediscovering my passion for working again. Stay connected, as I plan to return and rejoin my old communities with a lot of new skills one day soon.
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.