Here are some scenario I see as likely. Not exactly where I painted them in the chart but you get the general idea.
Dont risk too much. Put your SL wisely. Only buy the break of a flag.
Dont risk too much. Put your SL wisely. Only buy the break of a flag.
Note
no entry as yet. because it broke the line but did not show me a little corrective structure as yet.Note
back into the trend channel. idea no longervalid
Order cancelled
now mainly looking for another drop which is not worth trading right now in my eyesNote
so finally we got a 5 wave structure down that was now finished with an impulsive looking move up. look out for buy trade setups again!
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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.